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business-energy1 year ago•1 min saved

Enphase Energy's Strong Q4 Performance Boosts Stock Price

Enphase Energy anticipates a rebound in demand for its products by the end of the second quarter, with expectations of improving margins for its batteries and micro-inverters throughout 2024. The company has been managing a slowdown in demand, particularly in Europe, and foresees a seasonal dip in first-quarter sell-through demand. Despite this, Enphase forecasts first-quarter revenue to be between $260 million and $300 million, below analysts' average expectation of $318.3 million, following fourth-quarter revenue of $302.6 million.

via Yahoo Finance|

#business-energy #demand #enphase-energy

business2 years ago•1 min saved

Enphase Energy's Revenue Falls Short of Estimates, Shares Plummet

Enphase Energy, a solar inverter maker, has forecasted third-quarter revenue below expectations due to weak demand in the United States, causing its shares to drop by 13.4%. The company expects revenue between $550 million and $600 million, compared to analysts' average estimate of $746.5 million. The U.S. market, which accounts for 70% of Enphase's revenue, has experienced a slowdown due to factors such as cheaper electricity prices and the Federal Reserve's tightening policies. However, Enphase has seen a 25% increase in revenue from the European market, which is looking to reduce its dependence on Russian fuel and transition to clean energy.

via Reuters|

#business #enphase-energy #revenue-forecast