Enphase Energy, a global energy tech leader, announces Q4 2023 financial results where it posted Q4 2023 revenue of $302.6 million, with a 50.3% non-GAAP gross margin. They shipped 1,595,677 microinverters and 80.7 MW hours of IQ Batteries. In the same quarter, 913,000 microinverters made in the U.S. were sent out, anticipating a global capacity of 7.25 million microinverters per quarter once two U.S. sites reach full production. For Q1 2024, revenue is estimated between $260.0 million to $300.0 million, including 70 to 90 MWh of IQ Batteries. Net IRA benefit is projected between $12.0 to $14.0 million.
Enphase Energy ships record 1.6M Microinverters in Q4
In Q4, Enphase Energy contributed to the domestic market by delivering around 913,000 microinverters manufactured in the United States. (Image Credit: 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)