A report by Technavio suggests the global market for battery materials could grow 9% annually for the next four years. Analysts point to the increasing installation of storage systems with PV as a key driver. pv magazine has covered previous reports predicting significant growth in PV and storage systems.
The IQ8 will allow off grid solar power without the need for energy storage by instantly recognizing local load demands and meeting them with available solar-generated electricity.
While the microinverter maker is still the target of an aggressive short, Roth Capital Partners has reiterated its “buy” at $6.50 per share, describing the IQ8 as a “game changer”.
The deal gives SunPower $25 million in cash and 7.5 million shares in Enphase. Enphase also gains access to SunPower microinverter IP, and rights to SunPower’s Equinox AC modules line.
Several inverter makers could be hit by the Trump Administration’s move to increase tariffs on imports including inverters from China, but many are already shifting manufacturing to other locations.
The inverter and power optimizer maker showed 67% year-over-year revenue growth and shipped 985 MW of inverters but missed earnings projections by 2%.
U.S. President Donald Trump has asked trade officials to consider increasing import duties from 10% to 25% on a list of products from China including inverters, AC modules and non-lithium batteries.
The company has brought its operating margin to below -1%, as it fends off component shortages, short sellers and potential tariffs.
There were hundreds of booths, each one filled with experts who represent a deep understanding. The sciences of crimping, cleaning and connecting were all on show – and that’s before Bitcoin!
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