L R AS Published on Saturday 10 February 2024 - n° 475 - Categories:company results
Enphase sales halved between Q2 and Q4
American company Enphase Energy posted sales of $551 million in the 3rd quarter (compared with $711 million in the 2nd quarter). In the 4th quarter, sales fell to
302m, with a slightly higher gross margin. Sales in Europe collapsed between the 3rd and 4th quarters (-70%).
For the year as a whole, sales were stable at $2.3 billion, between 2022 and 2023. The company sold 660 MW of microinverters and 81 MWh of batteries.
Enphase plans to increase its production capacity in the United States. The company will close its plants in Romania and Wisconsin.
https://www.pv-tech.org/enphase-financial-results-q4-2023/
PV Tech of 7 February 2024
