Electrical Balance Of System (BOS) components can be key failure points in PV installations, and the further up the chain the component, the greater potential effect on power production.
The German inverter manufacturer reports that shipments remained stable in the first half of this year, while revenues were down year-over-year. The company has raised its outlook for 2017.
In this guest post for pv magazine USA, Enphase co-Founder and VP of Products and Strategic Initiatives Raghu Belur looks at the future of residential solar inverters versus AC modules, drawing parallels from the personal computing industry.
The leading inverter maker has increased its earnings forecast for the year to $1.06 – $1.12 billion as orders swell.
The warning from NASDAQ follows financial difficulties at the microinverter pioneer
The company announced an investment partnership with the Power Opportunities Group of Oaktree Capital Management that will help the company expand its international business on its current portfolio in addition to joining the energy-storage market.
A difficult market environment has led to a drop in sales and profits. The German inverter maker, however, was able to keep writing black numbers in the latest quarter.
Figures released by GTM Research show that U.S.-based NEXTracker remained the global market leader for the second year running, although Indian and Chinese suppliers gained major headway as the market continues to globalize.
It’s the first residential inverter to achieve UL 1741 SA (Supplement A) listing, which has been mandated by California and Hawaii for compliance in September 2017.
The inverter giant’s expansion plans are a response to what it says are favorable market conditions. In addition, the company is introducing new products to the U.S. market, including solutions for battery storage.
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