Coming off of a strong, profitable first quarter, Enphase is seeing the Q2 results of Covid-19 in compressed revenue and a swing to a quarterly loss. Gross margin remains strong.
“We’ve taken how the industry would have evolved – probably in two years – and we’ve done it in a month.” — Lynn Jurich, CEO of Sunrun
Enphase Energy’s Q1 revenue exceeded expectations as the company set an all-time gross margin record and announced plans for a new manufacturing location. Enphase stock is up 15%
Also in the brief: Enphase ships storage; homeless encampments using secondhand solar; big batteries.
The leaders in solar module-level power electronics are profitable and making enormous jumps in revenue. All signs point to a strong 2020 for residential solar — which could keep the momentum going.
Yotta has a potential solution for solar-plus-storage in the urban environment. Will the micro-storage startup become the next SolarEdge or Enphase? Or the next JLM energy? And whatever happened to SolPad?
Executive and boardroom moves in solar, storage, project development, cleantech, utilities and venture capital.
This morning in the brief: Solar Games rosters released, a profile on a Minnesota solar pollinator, PG&E pays Topaz in the New Year and more.
Today in the brief: solar farm expansion in Delaware, Petersen-Dean picks Enphase for inverter and battery supply, completion of the San Diego Zoo battery and more.
How will solar startups innovate in the 2020s? Where are the disruptive PV technologies?
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