Enphase Energy reported Q1 revenue of $282.9 million, slightly below estimates, but beat earnings expectations with adjusted EPS of 47 cents versus 42 cents estimated. The company shipped 1.41 million microinverters and 103.1 MWh of IQ batteries, and forecasted Q2 revenue between $280 million and $310 million, slightly below consensus. U.S. revenue fell due to reduced solar demand after tax credit expirations, while European sales grew 36% sequentially. Enphase is testing AI-powered customer service and plans new products including a fifth-generation battery and EV charger, targeting significant market growth through 2031. Shares fell over 8% in premarket trading following the report.
Kuehn Law is investigating a lawsuit claiming Enphase Energy misrepresented its European operations' growth and customer demand, downplaying the impact of low-priced Chinese competitors. The lawsuit alleges Enphase assured investors that any market s...
Enphase Energy has introduced its IQ9N microinverters featuring gallium nitride (GaN) technology to the Australian and New Zealand residential solar markets. These microinverters support high-power solar panels with up to 97.95% efficiency, a 25-year...
