Enphase, Huawei and other companies which make inverters in China may be the beneficiaries of a compromise struck between Presidents Donald Trump and Xi Jinping.
Enphase’s 3rd quarter results saw revenues at $78 million with an estimated $10 million sales shortfall due to a component shortage, as the company shipped 204 MW of inverters. Future speculation saw an international play on the IQ8, the SunPower partnership, and energy storage driving growth.
The U.S. microinverter maker has said the capacity increase will be made under its partnership with the Flex Group. It will start delivering devices produced in Mexico to the U.S. market, starting in the second quarter of 2019.
While the microinverter maker is still the target of an aggressive short, Roth Capital Partners has reiterated its “buy” at $6.50 per share, describing the IQ8 as a “game changer”.
The company has brought its operating margin to below -1%, as it fends off component shortages, short sellers and potential tariffs.
Through the deal SunPower gets $25 million and stock; however the bigger deal may be Enphase’s right to be the company’s exclusive residential inverter supplier.
The American microinverter maker is reporting only modest losses in its Q1 results, a significant improvement from a year ago.
The company has registered as a lobbyist with K Street’s most experienced World Trade Organisation (WTO) law firm – Sidley Austin LLP.
The struggling microinverter maker narrowed its losses considerably in Q4, as it unveils new products and expands in new markets.
Company confirms Panasonic’s HIT modules to be fitted with Enphase Energy’s new IQ7X Microinverter as part of the partnership, while Enphase’s new IQ7X microinverter due to be released in May in North America, Enphase confirms.
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