{"id":32430,"date":"2019-08-01T08:08:56","date_gmt":"2019-07-31T21:38:56","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=32430"},"modified":"2019-08-01T08:08:56","modified_gmt":"2019-07-31T21:38:56","slug":"enphase-microinverters-q2-mb1157","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/enphase-microinverters-q2-mb1157\/","title":{"rendered":"Enphase Going Gangbusters"},"content":{"rendered":"

\"Enphase<\/p>\n

Enphase has released its financial results for the second quarter of 2019 – and the market was very pleased with what it saw.<\/p>\n

Enphase<\/a> (NASDAQ:ENPH) is a US-headquartered manufacturer of microinverters and energy storage solutions. A microinverter is a miniature inverter that operates at a panel level instead of the more common arrangement of a single string inverter<\/a> being used with multiple panels. A solar panel with a factory-integrated microinverter is known as an “AC solar panel” or AC Solar Module (ACM). You can learn more about AC solar panels and microinverters here<\/a>; along with their pros and cons.<\/p>\n

Enphase reports its second quarter revenue was USD $134.1 million, an increase of 34% sequentially and up 77% year-over year. The company shipped approximately 416 megawatts DC of microinverter capacity for the quarter (1,283,680 units), compared to 675,000 microinverters in Q2 last year<\/a>.<\/p>\n

Enphase’s second-quarter revenue in the U.S. was up 29% sequentially and up 107% year. For Europe, second-quarter revenue was up 71% sequentially and up 46% year-on-year. With regard to the Asia-Pacific, revenue was up 29% sequentially, but down 23% year on year.<\/p>\n

“We are rebuilding our solar and storage teams in the region under our newly hired sales leaders for Australia,” said Enphase President and Chief Executive Officer Badri Kothandaraman in a conference call regarding the results.<\/p><\/blockquote>\n

The firm says demand continued to outstrip available supply during the quarter, but it was able to increase capacity – and that it is on track to have a supply of approximately two million microinverters in the fourth quarter of 2019.<\/p>\n

Enphase microinverters are being integrated by a number of solar panel manufacturers to create ACMs, including Longi<\/a>, Panasonic<\/a> (HIT module variant), JinkoSolar<\/a> (Eagle AC) and LG<\/a> (NeON 2 ACe). In June last year, the company became the microinverter supplier for SunPower\u2019s AC Modules<\/a>. During the call, Mr. Kothandaraman said:<\/p>\n

“The AC module ramps for SunPower is now largely completed as planned.”<\/p><\/blockquote>\n

The market has certainly been happy with the report and the company’s efforts:<\/p>\n

\"NASDAQ:

Image: Google<\/p><\/div>\n

Early last month, Enphase announced it had recently shipped its 20-millionth microinverter, representing an installed base of more than 4 GW. There have been 7 generations of Enphase microinverters so far, and the company is currently working on the 8th generation.<\/p>\n

During the call, Mr. Kothandaraman touched on the company’s goal of transforming Enphase from a solar microinverter systems company to a home energy management systems company.<\/p>\n

“We are thinking about this transformation in terms of four\u00a0years or\u00a0four components, they are energy generation, energy storage, energy consumption and services.”<\/p><\/blockquote>\n

The firm will be providing more details on these components in upcoming quarters.<\/p>\n

Enphase’s Q2 2019 financial results report can be viewed here<\/a> and a transcript of the conference call here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Enphase has released its financial results for the second quarter of 2019 – and the market was very pleased with what it saw.<\/p>\n","protected":false},"author":17,"featured_media":32431,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[678],"tags":[],"class_list":["post-32430","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"\nEnphase Going Gangbusters - SolarQuotes Blog<\/title>\n<meta name=\"description\" content=\"Enphase has released its financial results for the second quarter of 2019 - and the market was very pleased with what it saw.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.solarquotes.com.au\/blog\/enphase-microinverters-q2-mb1157\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Enphase Going Gangbusters\" \/>\n<meta property=\"og:description\" content=\"Enphase has released its financial results for the second quarter of 2019 - 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In a report covering financial results for the fourth quarter of 2020, Enphase says it achieved revenue of USD $264.8 million, well up on Q4 2019's $210.03 million. Enphase exited the quarter with $679 .4 million\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Enphase Energy","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/02\/enphase-energy.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/02\/enphase-energy.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/02\/enphase-energy.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/02\/enphase-energy.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/02\/enphase-energy.png?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":25457,"url":"https:\/\/www.solarquotes.com.au\/blog\/enphase-longi-solar-mb0804\/","url_meta":{"origin":32430,"position":2},"title":"Enphase Energy And Longi Solar Partner On AC Panels","author":"Michael Bloch","date":"October 30, 2018","format":false,"excerpt":"Enphase energised Longi Solar AC Modules (ACMs) based on seventh-generation Enphase IQ microinverters will be making an appearance soon. An AC Module is a solar panel fitted with a microinverter that produces Alternating Current (AC) instead of Direct Current (DC).\u00a0 A microinverter is a miniature solar inverter that operates at\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Longi Solar and Enphase Energy","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/10\/enphase-longi-ac-panel.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/10\/enphase-longi-ac-panel.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/10\/enphase-longi-ac-panel.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/10\/enphase-longi-ac-panel.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":21186,"url":"https:\/\/www.solarquotes.com.au\/blog\/enphase-energy-q1-mb0570\/","url_meta":{"origin":32430,"position":3},"title":"A Busy First Quarter For Enphase Energy","author":"Michael Bloch","date":"May 3, 2018","format":false,"excerpt":"US-headquartered microinverter manufacturer Enphase says it remains on track towards its new operating model. Enphase yesterday announced its first quarter revenue came to USD $70.0 million. While this was a drop of 12% from the previous quarter, it was an increase of 28% year-over-year.\u00a0 The company states its GAAP[1. GAAP\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Enphase Energy microinverters","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/05\/enphase-microinverter-news.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/05\/enphase-microinverter-news.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/05\/enphase-microinverter-news.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/05\/enphase-microinverter-news.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":41332,"url":"https:\/\/www.solarquotes.com.au\/blog\/maxeon-ac-solar-panel-mb1605\/","url_meta":{"origin":32430,"position":4},"title":"Enphase Energised Maxeon AC Module Headed For Australia","author":"Michael Bloch","date":"July 16, 2020","format":false,"excerpt":"SunPower spinoff Maxeon Solar Technologies and Enphase Energy have announced a strategic partnership that could see Maxeon AC solar panels on Australia's shores as early as towards the end of this year. First, a bit of relevant background information. What Is An AC Solar Panel? An AC solar panel is\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Maxeon AC solar panels","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/07\/maxeon-ac-solar.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/07\/maxeon-ac-solar.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/07\/maxeon-ac-solar.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/07\/maxeon-ac-solar.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/07\/maxeon-ac-solar.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":22260,"url":"https:\/\/www.solarquotes.com.au\/blog\/enphase-sunpower-solarbridge-mb0626\/","url_meta":{"origin":32430,"position":5},"title":"SunPower AC Solar Panels To Use Enphase Microinverters","author":"Michael Bloch","date":"June 14, 2018","format":false,"excerpt":"A deal between Enphase Energy and SunPower could turn out to be good news for Australian SunPower fans who've been itching to get their hands on the company's AC solar panels. An AC solar panel is a module that has been fitted with a microinverter so that it produces Alternating\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"SunPower solar panels and Enphase microinverters","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/06\/sunpower-enphase.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/06\/sunpower-enphase.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/06\/sunpower-enphase.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/06\/sunpower-enphase.png?resize=700%2C400&ssl=1 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/32430","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=32430"}],"version-history":[{"count":3,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/32430\/revisions"}],"predecessor-version":[{"id":32435,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/32430\/revisions\/32435"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/32431"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=32430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=32430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=32430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}