Enphase Energy, Inc. - ENPH STOCK NEWS

Enphase Energy, Inc. (NASDAQ: ENPH) reports a growing preference for its microinverter-based solar systems among Australian government and community organizations aiming to reduce daytime energy costs and achieve net-zero targets. Recent projects include Wollongong City Council's installation of 549 Enphase IQ™7A microinverters on a 220 kW solar system, projected to cut energy costs by up to 25%. Another installation at Milton Ulladulla ExServos Club features 215 kW of Enphase IQ™7+ microinverters. Enphase's technology is supported by reliable performance, safety features, and a 10-year warranty in Australia.

Enphase Energy (NASDAQ: ENPH) announced a partnership with Power Solar, a leading solar provider in Puerto Rico, which has rapidly grown in response to demand for reliable solar and battery systems. The collaboration aims to address power stability issues exacerbated by hurricanes and unreliable utility grids. Enphase's IQ Battery features safe Lithium Iron Phosphate technology and a 10-year warranty. Power Solar has successfully connected over 10,000 customers to renewable energy, enhancing its reputation as a trusted installer. This partnership highlights Enphase's commitment to delivering safe solar solutions.

Enphase Energy has announced its acquisition of ClipperCreek, a pioneer in the electric vehicle (EV) charging market, based in Auburn, California. This strategic move is aimed at expanding Enphase's footprint in the rapidly growing EV sector, projected to grow over 40% annually in the next five years. The acquisition allows Enphase to integrate ClipperCreek’s renowned products into its existing solar and battery systems, enhancing its home electrification strategy. The deal is set to close by December 31, 2021, pending customary approvals.

Enphase Energy (NASDAQ: ENPH) announced its Investor Day will take place on November 16, 2021, at 9:00 a.m. PST in San Francisco, CA. Attendance is by invitation only due to limited space, but a live virtual webcast will be accessible on Enphase's investor relations website. A replay will be available within 24 hours post-event. Enphase is a leader in microinverter-based solar and battery systems, with over 39 million microinverters shipped worldwide and more than 1.7 million systems deployed across 130 countries.

Enphase Energy (NASDAQ: ENPH) has noted increased demand for its solar and battery storage systems through its partner, Your Energy Solutions, in response to frequent power shutoffs in Northern California. These systems are designed to provide homeowners with reliable energy solutions, especially during extreme weather events. The Enphase IQ Battery uses Lithium Iron Phosphate technology, ensuring safety and longevity, and comes with a 10-year limited warranty. This collaboration aims to enhance customer experience and expand market reach for both companies.

On November 4, 2021, Enphase Energy (NASDAQ: ENPH) announced the continued growth of NexGen Construction, a Southern California-based solar contractor using Enphase products exclusively. With rising interest in home battery systems due to increased power shutoffs and energy costs, NexGen focuses on deploying Enphase IQ Batteries, recognized for their safety and reliability. Enphase's technology offers homeowners energy independence, thermal stability, and a 10-year warranty. NexGen Construction's commitment to quality has earned them Platinum Installer status within the Enphase Installer Network.

Enphase Energy (NASDAQ: ENPH) reported significant growth in the deployment of its energy systems through Good Faith Energy in Texas, particularly following the winter storms of February 2021. Storage attachment rates for new residential customers jumped from 10% in 2020 to nearly 60% currently. The newly launched IQ8 microinverter enhances system resilience. Enphase’s systems are customizable with various configurations, providing safer solar-plus-storage solutions. The company emphasizes customer control over energy futures with reliable technology and outstanding service.

Enphase Energy, Inc. (NASDAQ: ENPH) reported a record revenue of $351.5 million for Q3 2021, a significant increase from $178.5 million in Q3 2020. The company achieved a non-GAAP gross margin of 40.8% and a GAAP net income of $21.8 million, translating to a diluted EPS of $0.15. During the quarter, Enphase shipped approximately 2.6 million microinverters and expanded its product line, including the IQ8 solar microinverters. Looking ahead, Q4 2021 revenue is projected between $390 million and $410 million.

Enphase Energy announced the launch of its all-new Enphase Energy System featuring IQ8 solar microinverters, starting pre-orders today with shipments expected in December. The IQ8 is designed to create a microgrid during power outages using sunlight without a battery, providing homeowners with uninterrupted power. It is available in four configurations, including options for battery integration. The IQ8 family includes five types of microinverters with peak outputs up to 384VA and a CEC efficiency of 97%. The introduction of IQ8 is anticipated to enhance energy independence for customers.