Enphase Energy, Inc. - ENPH STOCK NEWS

Enphase Energy has announced its agreement to acquire GreenCom Networks AG, a Munich-based company specializing in IoT software for energy management. This acquisition aims to enhance Enphase’s home energy management capabilities, integrating third-party devices like EV chargers and heat pumps with its microinverter and battery systems. The deal is expected to facilitate a comprehensive energy management system for homeowners, enabling real-time device monitoring through the Enphase App. The acquisition is anticipated to close in Q4 2022, subject to regulatory approvals.

Enphase Energy (NASDAQ: ENPH) announces that Meraki Solar is expanding its adoption of Enphase IQ Microinverters amid rising U.S. energy prices. Meraki Solar has witnessed significant growth in residential solar installations and has chosen Enphase for its product reliability and customer service. The IQ8 Microinverter, launched late last year, enhances performance and supports homeowners' energy independence. With rigorous testing and a 25-year warranty, Enphase products demonstrate reliability across various climates. Meraki plans to continue using Enphase products as it expands its services nationwide.

Enphase Energy (NASDAQ: ENPH) announced a surge in deployments of its solar and battery systems through its partner Complete Solar. Amid extreme weather and rising energy prices, homeowners are increasingly opting for Enphase's IQ8 Microinverters and IQ Batteries. Complete Solar has reported robust new residential installations, highlighting the demand for reliable energy solutions. Enphase's technology enables features like Sunlight Backup during outages, emphasizing safety with Lithium Iron Phosphate batteries. The company continues to meet the growing demand for clean energy throughout the U.S.

Enphase Energy (NASDAQ: ENPH) has reported an increase in deployments of its energy systems in New Jersey, leveraging the popularity of its IQ8 Microinverters. Following a successful launch late last year, these systems offer enhanced energy resilience, especially amidst forecasts of an above-normal hurricane season. The U.S. Solar Market Insight predicts residential solar deployments in New Jersey to exceed 134 MW in 2022, marking over 200% growth in a decade. Additionally, battery capacity is projected to increase three-fold by 2026, reflecting a growing trend towards solar energy adoption.

Enphase Energy, Inc. (NASDAQ: ENPH) has announced an expansion of its ClipperCreek electric vehicle (EV) charging solutions, responding to heightened consumer interest in EVs. Installers report increasing deployments of ClipperCreek products across the U.S., partnering with technology leaders like Xeal Energy and ZEF Energy. With projections suggesting EVs could make up 30% of the vehicle market by 2050, Enphase aims to integrate EV charging into its home energy management platform, enhancing reliability and accessibility for customers.

Enphase Energy (NASDAQ: ENPH) announced that Salcomp has shipped over five million Enphase IQ Microinverters since early 2020. The microinverters, manufactured in Salcomp's Chennai factory, are designed for various global markets, including North America and Europe. Enphase's microinverters are known for their reliability, backed by rigorous testing and a warranty of up to 25 years. Enphase has shipped over 48 million microinverters and deployed over 2.5 million systems worldwide, maintaining a strong reputation in solar technology.

Enphase Energy, Inc. reported record revenue of $530.2 million for Q2 2022, marking a 20% increase from Q1. The non-GAAP gross margin stood at 42.2%, supported by strong demand for its IQ Microinverters and IQ Batteries. The company shipped over 3.34 million microinverters and 132.4 MWh of batteries, with significant growth in Europe. Free cash flow reached $192.0 million, and cash reserves totaled $1.25 billion. For Q3 2022, revenue is projected between $590 million and $630 million.

Enphase Energy, a leader in microinverter-based solar and battery systems, has announced a conference call on July 26, 2022, at 4:30 p.m. Eastern Time to disclose its second quarter 2022 financial results. The call will cover performance metrics for the period ending June 30, 2022. Investors can access the live webcast on the company’s investor relations website. Enphase has shipped over 45 million microinverters and has deployed more than 2 million systems globally, showcasing its significant market presence.

Enphase Energy (NASDAQ: ENPH) reported a surge in the deployment of its Energy Systems in Rhode Island, driven by increasing concerns over hurricanes and power outages. Year-over-year, residential battery capacity is predicted to quadruple by 2026, according to the U.S. Energy Storage Monitor. Enphase IQ8 Microinverters can provide Sunlight Backup™ during outages without a battery. Homeowners can earn about $1,500 annually by participating in the ConnectedSolutions program, which stabilizes the grid during peak demand. Enphase prioritizes customer experience and safety with its battery solutions.