Enphase is making money again
Enphase noted $92 million in revenue in Q4’18, and over $106 million in cash on hand as the company reported quarterly and annual positive operating incomes – its first in years. Enphase is completely booked for all of Q1 and seemingly into the late spring months.
Even with new capacity investments, Enphase still sold out
Enphase says its inverter lead times are ~13-15 weeks, even with dedicated manufacturing lines for components. Two new long term contracts expect to turn on in Q3 and Q4 ’19, lowering lead times to ~6-8 weeks.
pvMB 2/12/19: AceClamp’s response to patent infringement allegations, NEXTracker’s hiring spree… and more!
Welcome to today’s pv magazine USA morning brief and thanks for spending your morning with us. Today we’re looking at English researchers’ development of a solar flag, two community solar projects in Illinois under fire, University of Northern Iowa’s new group-buy program and everything else on our solar slate. Let’s ride!
pvMB 1/16/19: Updates on Enphase’s microinverter swap-out, LONGi becomes a Sunnova-approved vendor, Shell installs a solar+storage microgrid, and more!
In today’s pv magazine USA morning brief we take a look at Con Edison choosing Sunverge’s platform for its Smart Home Rate project, California ISO’s reliability coordination services gaining 32 new utility members and other quick hitters.
In case of hurricane, apply Enphase, tighten bolts and mind your wind codes!
FEMA’s recommendations for solar system hurricane preparedness focused on structural engineering, installation competence, plus simply tightening the bolts regularly, along with microinverters to mitigate individual panel damage.
Enphase sold out into 2019, with improved margins
Enphase’s 3rd quarter results saw revenues at $78 million with an estimated $10 million sales shortfall due to a component shortage, as the company shipped 204 MW of inverters. Future speculation saw an international play on the IQ8, the SunPower partnership, and energy storage driving growth.
Solar modules on the floor at Solar Power International 2018
pv magazine walked the floor at SPI 2018 seeing many well known faces, and known products, plus new names bringing new ideas.
25% tariffs on Chinese inverters to start on January 1
The final order from the U.S. Trade Representative includes an interim tariff rate of 10% set to start on September 24.
Flex to manufacture Enphase products in Mexico
The microinverter maker is shifting production to Mexico to avoid the pending Section 301 tariffs on inverters and other products from China.
Enphase boosts confidence, touts technology during analyst day
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”.
