Enphase Energy Stock Price, News & Analysis

Enphase Energy (NASDAQ: ENPH) has announced pre-orders for its IQ Battery 5Ps and IQ8 Microinverters with higher domestic content, produced in the United States. These products are expected to ship in a few weeks and have SKUs with a "DOM" suffix. The move aims to help solar and battery products qualify for the Domestic Content Bonus Credit under the Inflation Reduction Act.

The domestically produced IQ Battery 5P and IQ8 Microinverters have been well-received by industry partners, including Solar Optimum, Solara Home Energy, Sunnova, and IGS Solar. These companies highlight the products' quality, reliability, and the added benefit of supporting local manufacturing. Enphase's commitment to U.S. manufacturing is seen as a significant milestone in strengthening its market position and delivering cutting-edge energy solutions.

Enphase Energy (NASDAQ: ENPH) has launched its most powerful home battery, the IQ Battery 5P, in the Netherlands. The company also introduced IQ Energy Management software, supporting dynamic electricity rates and integration of third-party EV chargers and heat pumps. The IQ Battery 5P offers configurations from 5 to 60 kWh, with each 5 kWh battery delivering 3.84 kW of continuous power.

The new system aims to maximize ROI for homeowners with Enphase solar and battery systems, potentially doubling lifetime savings over 25 years compared to solar-only systems. Enphase plans to support participation in virtual power plants (VPPs) by the end of 2024, enabling homeowners to contribute to the grid imbalance energy marketplace in the Netherlands.

Enphase Energy (NASDAQ: ENPH) has launched North American Charging Standard (NACS) connectors for its IQ® EV Chargers in the US and Canada. This move aligns with the industry's shift towards NACS as the standard for electric vehicles. The new chargers maintain the functionality of the previous J1772 connector models while increasing vehicle compatibility.

Key features of Enphase IQ EV Chargers include:

• NEMA 4-rated charging system
• UL safety certification
• 5-year warranty
• 24/7 customer support
• Integration with Enphase solar and battery systems
• Customizable charging schedules

The IQ 80 EV Charger is noted as the highest power NACS charger in the market, offering enhanced reliability and user experience.

Enphase Energy (NASDAQ: ENPH) has launched its IQ8P™ and IQ8HC™ Microinverters in select Caribbean countries to support high-powered solar panels. These microinverters feature peak AC power outputs of 480 W and 384 W respectively, supporting solar panels up to 670 W DC. Designed for residential applications, they come with a 25-year warranty.

The launch covers countries including the Dominican Republic, Turks and Caicos Islands, Bahamas, and several others. Installers praise the microinverters for their efficiency, performance in sunny climates, and ability to maximize solar investments. Enphase emphasizes that these microinverters provide a resilient and high-performance solution tailored to the Caribbean's unique environmental challenges.

Enphase Energy (NASDAQ: ENPH) has expanded its IQ8™ Microinverter deployments in Europe, introducing new high-powered models in France, Germany, Spain, Bulgaria, Estonia, Slovakia, and Croatia. The IQ8X™ Microinverters, available in France, Germany, and Spain, feature a peak output AC power of 384 W and support solar modules up to 560 W DC. In Bulgaria, Estonia, Slovakia, and Croatia, Enphase has launched three microinverter models: IQ8MC™, IQ8AC™, and IQ8HC™, with peak output powers of 330 W, 366 W, and 384 W, respectively.

These microinverters come with a 25-year warranty and can be paired with IQ® Batteries for energy storage. The expansion reflects Enphase's commitment to the European market and its focus on delivering high-quality, reliable, and innovative solar solutions.

Enphase Energy (NASDAQ: ENPH) reported Q2 2024 financial results with revenue of $303.5 million, up from $263.3 million in Q1 2024. The company shipped 1,402,602 microinverters and 120.2 megawatt hours of IQ Batteries. Non-GAAP gross margin was 47.1%, with a net IRA benefit of 6.1%. GAAP net income was $10.8 million, while non-GAAP net income reached $58.8 million.

Key highlights include:

• U.S. revenue increased 32% quarter-over-quarter
• Free cash flow of $117.4 million
• Ending cash and marketable securities of $1.65 billion
• Repurchased 891,896 shares for $99.9 million

For Q3 2024, Enphase expects revenue between $370.0-$410.0 million and non-GAAP gross margin of 47.0-50.0% with net IRA benefit.

Enphase Energy (NASDAQ: ENPH) has launched its most powerful Enphase® Energy System™ in Luxembourg, featuring the new IQ® Battery 5P™ and IQ8™ Microinverters. The system offers:

• Configurations from 5 to 60 kWh
• More power and resilient wired communication
• Improved commissioning experience

IQ8 Microinverters can manage 14 amperes DC current, supporting solar modules up to 560 W DC. The new microinverters (IQ8MC™, IQ8AC™, and IQ8HC™) feature peak outputs of 330 W, 366 W, and 384 W, respectively. IQ Batteries come with a 15-year warranty, while IQ8 Microinverters have a 25-year warranty in Luxembourg.

Enphase Energy (NASDAQ: ENPH) has launched the CS-100 EV Charger for commercial fleet electric vehicles in the United States. This Level 2 charging station is Enphase's most powerful EV charger, providing up to 19.2 kW of continuous power output. The CS-100 features customized charging schedules and smart capabilities through Enphase's COSMOS interface, enabling integration with fleet management software and building energy management systems.

The charger is UL certified with a NEMA 3R-rated enclosure for indoor and outdoor use. It includes a 25-foot charging cable and a ruggedized J1772 connector compatible with all J1772 EVs. The CS-100 comes with a three-year warranty and is designed to enhance the efficiency of commercial fleet operations across the U.S.

Enphase Energy (NASDAQ: ENPH) announced new residential and commercial products that aid solar projects in qualifying for the Domestic Content Bonus Credit. This incentive, part of the Inflation Reduction Act (IRA), aims to enhance U.S. manufacturing and clean energy. Enphase's IQ8™ Microinverters, manufactured domestically, along with U.S.-made solar racking equipment, enable projects starting in 2024 to qualify for the tax credit. This initiative supports Enphase's goals of increasing clean energy access, promoting domestic clean energy, and creating American jobs. The tax credit is available to commercial asset owners and PPA/lease providers for residential solar projects.