Enphase Energy Stock Price, News & Analysis

Enphase Energy, Inc. (NASDAQ: ENPH) reported strong financials for Q2 2021, with revenue of $316.1 million and a non-GAAP gross margin of 40.8%. The company shipped approximately 2.36 million microinverters and 43 MWh of storage systems. Operating income was $77.2 million, with a cash flow from operations of $65.6 million and an ending cash balance of $1.3 billion. For Q3 2021, Enphase expects revenue between $335 million and $355 million, with gross margins projected between 37% and 41%.

Enphase Energy, a leader in solar technology, announced a conference call for July 27, 2021, at 4:30 p.m. Eastern Time to discuss its Q2 2021 financial results, covering the period ending June 30, 2021. The call will be accessible via the company's Investor Relations website and a recorded version will be available shortly after. Enphase has shipped over 34 million microinverters and deployed 1.5 million systems globally in more than 130 countries, highlighting its significant market reach.

Enphase Energy (NASDAQ: ENPH) has launched its Encharge battery storage system in Germany, marking its first international expansion outside the U.S. The system offers configurations from 3.5kWh to 42kWh, allowing for future upgrades. This product aims to meet the growing demand for reliable solar and battery solutions among homeowners. Enphase emphasizes an all-in-one approach, enhancing installer and customer support. The company plans to expand further into other European markets and highlights the safety and performance advantages of its technology.

Enphase Energy (NASDAQ:ENPH) announced a partnership expansion with Palomar Solar, a leading solar installation company in Southern California. This collaboration enhances Enphase's storage business and reflects a longstanding relationship that began in 2009. Palomar Solar has installed solar solutions for over 3,000 customers and integrates Enphase Storage into its offerings, benefiting from increased demand. Executives from both companies emphasized the value of their collaboration in driving innovation and improving customer experience.

Enphase Energy reported Q1 2021 revenue of $301.8 million, a 14% increase from the previous quarter. Non-GAAP gross margin improved to 41.1%. The company shipped about 830 megawatts DC, totaling 2,452,765 microinverters. Cash flow from operations stood at $75.8 million, with an ending cash balance of $1,489 million. Enphase acquired Sofdesk, Inc. and the Solar Design Services of DIN Engineering to boost digital transformation. For Q2 2021, revenue is forecasted between $300-$320 million.

On April 19, 2021, Enphase Energy (NASDAQ: ENPH) announced that Transdev selected its microinverters for Australia's first fully solar-powered bus depot. The project, in collaboration with REA Global, features 250 REA Power Series Modules paired with Enphase IQ 7+ microinverters, establishing a 95 kW commercial installation. Enphase's technology emphasizes efficiency, safety, and reliability, with a robust warranty offering. This partnership highlights the shift towards solar-powered public transport, showcasing Enphase's commitment to innovation in energy management.

Enphase Energy will host a conference call and webcast on April 27, 2021, at 4:30 p.m. ET to discuss its first quarter 2021 financial results for the period ending March 31, 2021. Interested participants can access the live call at 877.644.1284 in the U.S. or +1.707.287.9355 internationally. A replay will be available post-call. Enphase, a leader in solar-plus-storage solutions, has shipped over 32 million microinverters and deployed approximately 1.4 million systems globally.

Enphase Energy (NASDAQ:ENPH) has expanded its Enphase Installer Network (EIN) into the Netherlands and Belgium, following successful launches in the U.S. and Australia. The EIN aims to support solar installers with digital tools, sales leads, and business analytics to enhance efficiency and profits. Installers can attain one of three tiers based on performance metrics. This initiative aligns with Enphase's growth strategy in the European solar market, with plans for further expansion in 2021. The EIN is complemented by enhancements to Enphase's Enlighten™ platform.

Enphase Energy (NASDAQ: ENPH) announced 24/7 support for its installers and system owners globally, enhancing customer experience in solar-plus-storage systems. This expansion aligns with the company’s commitment to superior service, complementing existing platforms like Enphase Community and Enphase University. Leaders in the industry acknowledge this move as vital for customer confidence and operational excellence, emphasizing Enphase's evolution towards comprehensive home energy management. In 2020, the company's support service achieved a Net Promoter Score (NPS) of over 60%, reflecting strong customer satisfaction.