- Third quarter revenue decreased to $551.1 million from $711.1 million in Q2.
- Non-GAAP operating income decreased 27% in Q3 2023 to $167.6 million.
- IQ8 Microinverters accounted for 86% of Q3 2023 microinverter shipments.
- IQ Battery shipments rose to 86.2 MWh in Q3 2023, up from 82.3 MWh in Q2 2023.
Enphase Energy Q3 2023 earnings misses expectations
Revenue to be between $300M and $350M, including shipments of 80-100MWh IQ Batteries. Illustrated by SolarBytes.
The sale of Westbridge’s 75% stake in Sunnynook Solar to METLEN was completed, set to power 50,000 Alberta homes. (Image Source: Pixabay)
Module shipments in Q3 2024 reached 25,910 MW, with N-type modules comprising 90% of all shipments. (Image Source: SOLARbytes)
With revenue growth and a strong order book, AGEL sets its sights on 2025 IPO to strengthen financial resilience. (Image Credit/Source: KindelMedia/Pexels)
Runergy provides insights into ITC’s Section 337 timeline, countering misleading interpretations of its 45-day and 60-day procedural references. (Image Source: Runergy)