Coming off a strong, profitable first quarter, Enphase sees the second-quarter results of Covid-19 in compressed revenue and a swing to a loss. Gross margins remain strong.
The module manufacturer and micro-inverter supplier will connect their products in the factory to reduce installation costs, while providing a list of value propositions for micro-inverters.
U.S. residential solar installer Sunrun reported strong solar deployments and revenue to start 2020, even with orders decreasing by as much as 40% for periods in March. Micro-inverter manufacturer Enphase’s first-quarter revenues exceeded expectations as the company set an all-time gross margin record and announced plans for a new manufacturing location.
The company is profitable and recording enormous jumps in revenue. All signs point to a strong 2020 for residential solar – which could keep the momentum going.
Texan start-up Yotta Energy has a potential solution for residential solar-plus-storage. Will the micro-storage company become the next SolarEdge or Enphase or suffer the fate of JLM Energy? And whatever happened to SolPad?
At its recent “Analyst Day” presentation, the company also showed off a 640 W two-module commercial inverter, as well as an “Ensemble in a Box” solar+storage package for two PV modules.
Enphase’s Q3 results show a company that has turned its fortunes around, with revenues more than doubling and high profitability, but questions remain around growth potential.
EnergySage’s quarterly intel report also showed Enphase winning back U.S. market share from SolarEdge, falling costs and bigger rooftop PV systems.
The California-based energy technology company has released its updated Enphase AC Battery (ACB) with a new battery cell supplier and improved time-of-use (TOU) software for customers in Europe, Australia and New Zealand.
The California-based microinverter maker posted $92 million in revenue in the final quarter of last year, and more than $106 million in cash as the company reported its first positive quarterly and annual operating income figures in years. Enphase is booked out for all of this quarter and seemingly into the late spring months too.
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