Enphase Energy (ENPH) is set to report fourth quarter 2019 financial results on Feb 18th, after market close.
Enphase Energy, Inc. delivers microinverter technology for the solar industry. The Company builds a semiconductor-based microinverter system that converts direct current electricity to alternating current electricity at the individual solar module level.
Enphase Energy revenue for the third quarter ending September 30, 2019 was $0.180B, a 130.84% increase year-over-year. The company share price has risen over 500% in the last year. Enphase has a market cap of $5.02 billion.
What You Should Know
Enphase gets most of its revenues from its micro-inverters. The company said that it will continue to ramp up production for its solar products, as demand rises. This had a material impact on their third quarter 2019 financial results, which saw a significant increase in revenues year-over-year.
Enphase (ENPH) is expected to have shipped between 2.1-2.2 million micro-inverters to its customers during the fourth quarter. This rise in demand for these micro-inverters should have a material impact on their fourth quarter 2019 revenues.
On February 11th, Enphase (ENPH) announced a partnership with CREATON to provide residential solar rooftop solutions in Germany. CREATON offers an extensive range of products for pitched roof solutions, including both clay and concrete roof tiles, and system accessories.
The company said in a statement: “We believe Enphase’s unique value proposition of high-output performance and flexible installation, as well as a safe all-AC system architecture will resonate well with our roofing customers”
Zack’s Consensus Estimates
Zacks Consensus Estimate for Enphase’s fourth-quarter earnings is 33 cents per share, implying a 725% increase year-over-year.
About Enphase Energy
Enphase Energy is a global energy technology company, that delivers smart, easy-to-use solutions that connect solar generation, storage and management on one intelligent platform. The company derives a majority of its revenue from its micro-inverter technology systems. Enphase Energy is a publicly traded energy company listed on the NASDAQ exchange, headquartered in Fremont, California.