Financial Performance - Revenue for Q4 2024 was $382.7 million, a slight increase from $380.9 million in Q3 2024 and a significant increase from $302.6 million in Q4 2023[2][4] - Non-GAAP gross margin for Q4 2024 was 53.2%, up from 48.1% in Q3 2024, while GAAP gross margin was 51.8%[2][5] - Operating income for Q4 2024 was $54.8 million (GAAP) and $120.4 million (non-GAAP), compared to $49.8 million and $101.4 million in Q3 2024, respectively[2][6] - Net income for Q4 2024 was $62.2 million (GAAP) and $125.9 million (non-GAAP), compared to $45.8 million and $88.4 million in Q3 2024[2][6] - Enphase Energy reported net revenues of $382.7 million for Q4 2024, a 26.5% increase from $302.6 million in Q4 2023[34] - The gross profit for Q4 2024 was $198.3 million, resulting in a gross margin of 51.8%[34] - Net income for Q4 2024 was $62.2 million, translating to a diluted net income per share of $0.45, compared to $0.15 in Q4 2023[34] - Non-GAAP income from operations for the year ended December 31, 2024, was $321,919,000, compared to $697,210,000 in the previous year, reflecting a decline of 53.8%[41] - Non-GAAP net income for the three months ended December 31, 2024, was $125,862,000, an increase from $73,474,000 in the same period last year, representing a growth of 71.5%[41] Cash Flow and Assets - Free cash flow for Q4 2024 was $159.2 million, with total cash and equivalents at $1.72 billion[3][7] - Cash and cash equivalents increased to $369.1 million in Q4 2024, up from $288.7 million in Q4 2023[37] - Net cash provided by operating activities for the three months ended December 31, 2024, was $167,292,000, slightly down from $170,138,000 in the previous quarter[39] - Cash and cash equivalents at the end of the period totaled $464,116,000, an increase from $288,748,000 at the end of the previous year[39] - Net cash provided by operating activities for the year ended December 31, 2024, was $513.693 million, down from $696.780 million in 2023[42] - Free cash flow for the year ended December 31, 2024, was $480.089 million, compared to $586.379 million in 2023[42] Product and Market Developments - The company shipped approximately 2.01 million microinverters and 152.4 megawatt hours of IQ Batteries in Q4 2024[2][9] - The company is expanding into Southeast Asia, entering the solar markets in Vietnam and Malaysia with IQ8P Microinverters[11] - New product launches include the IQ PowerPack 1500 and the IQ EV Charger 2, enhancing the company's product offerings in the energy sector[10][11] - The company expects to ship IQ Batteries by megawatt hours and anticipates a net IRA benefit impacting gross margin in Q1 2025[28] Expenses and Liabilities - Enphase Energy's operating expenses for Q4 2024 totaled $143.5 million, a decrease from $156.9 million in Q4 2023[34] - Total current assets decreased to $2.33 billion in Q4 2024 from $2.44 billion in Q4 2023[37] - Total liabilities stood at $2.42 billion in Q4 2024, slightly up from $2.40 billion in Q4 2023[37] - Operating expenses (GAAP) for the three months ended December 31, 2024, were $143,489,000, a decrease of 8.5% from $156,893,000 in the same quarter last year[41] Government Grants and Benefits - Income-based government grants (GAAP) for Q4 2024 totaled $68.040 million, significantly higher than $46.552 million in Q3 2024 and $32.887 million in Q4 2023[42] - Net IRA benefit (Non-GAAP) for Q4 2024 was $51.917 million, up from $35.156 million in Q3 2024 and $25.775 million in Q4 2023[42] Shareholder Information - Basic GAAP net income per share for Q4 2024 was $0.46, up from $0.34 in Q3 2024 and $0.15 in Q4 2023[42] - Non-GAAP net income per share for Q4 2024 was $0.94, compared to $0.65 in Q3 2024 and $0.54 in Q4 2023[42] - Diluted GAAP net income per share for Q4 2024 was $0.45, compared to $0.33 in Q3 2024 and $0.15 in Q4 2023[42]

FREMONT, Calif., Feb. 04, 2025 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world’s leading supplier of microinverter-based solar and battery systems, announced today financial results for the fourth quarter of 2024, which included the summary below from its President and CEO, Badri Kothandaraman. We reported quarterly revenue of $382.7 million in the fourth quarter of 2024, along with 53.2% for non-GAAP gross margin. We shipped approximately 2.01 milli ...

NEW YORK, Feb. 4, 2025 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Enphase Energy, Inc. ("Enphase" or the "Company") (NASDAQ: ENPH). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.The class action concerns whether ENPH and certain of its officers an ...

NEW YORK, Feb. 04, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Enphase Energy, Inc. (NASDAQ: ENPH) between April 25, 2023 and October 22, 2024, both dates inclusive (the “Class Period”), of the important February 11, 2025 lead plaintiff deadline. SO WHAT: If you purchased Enphase common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arran ...

Nationally ranked stock picker for 30 years. Victory Formation and Bottom Fishing Club quant-sort pioneer.....Paul Franke is a private investor and speculator with 38 years of trading experience. Mr. Franke was Editor and Publisher of the Maverick Investor® newsletter during the 1990s, widely quoted by CNBC®, Barron’s®, the Washington Post® and Investor’s Business Daily®. Paul was consistently ranked among top investment advisors nationally for stock market and commodity macro views by Timer Digest® during ...

RADNOR, Pa., Jan. 31, 2025 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP informs investors that the firm has filed a securities fraud class action lawsuit against Enphase Energy, Inc. (NASDAQ: ENPH) ("Enphase" or the "Company") on behalf of all persons and entities who purchased or otherwise acquired Enphase common stock between April 25, 2023, and October 22, 2024, inclusive (the "Class Period"). This action, captioned The Trustees of the Welfare and Pension Funds of Local 464A - Pensi ...

There are signs of a turnaround in demand for residential solar, and Enphase keeps printing free cash flow.In this video, Motley Fool contributors Jason Hall and Tyler Crowe make the case that Enphase Energy (ENPH 1.94%) stock is undervalued and investors should consider starting a position before it reports earnings on Feb. 4.*Stock prices used were from the afternoon of Jan. 29, 2025. The video was published on Jan. 31, 2025. ...

Stock Performance - Enphase Energy closed at $62 05, up 1 94% from the previous session, outperforming the S&P 500's 0 53% gain [1] - The stock has declined 11 37% over the past month, underperforming the Oils-Energy sector's 5 88% gain and the S&P 500's 1 24% gain [1] Earnings and Revenue Forecast - The company is expected to report earnings on February 4, 2025, with an EPS of $0 75, a 38 89% increase from the prior year [2] - Revenue is forecasted at $376 03 million, a 24 28% increase compared to the year-ago quarter [2] Analyst Estimates and Revisions - Recent revisions to analyst forecasts reflect short-term business dynamics, with positive changes indicating a favorable outlook on the company's health and profitability [3] - The Zacks Consensus EPS estimate has decreased by 9 36% over the past month [5] Valuation Metrics - Enphase Energy has a Forward P/E ratio of 17 67, higher than the industry average of 9 96 [6] - The company's PEG ratio is 4 95, significantly higher than the Solar industry average of 0 67 [6] Industry Overview - The Solar industry, part of the Oils-Energy sector, has a Zacks Industry Rank of 51, placing it in the top 21% of all industries [7] - The top 50% of industries outperform the bottom half by a factor of 2 to 1, based on the Zacks Industry Rank [7]

FREMONT, Calif., Jan. 30, 2025 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ:ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, today announced that it is expanding in Southeast Asia by entering the solar markets in Vietnam and Malaysia. Enphase is now shipping IQ8P™ Microinverters, with peak output AC power of 480 W, for residential and commercial applications in Vietnam and Malaysia to support newer high-powered solar modules. En ...

Enphase Energy, Inc. (ENPH) is scheduled to report fourth-quarter 2024 results on Feb. 4, after the closing bell.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.In the last reported quarter, the company’s earnings missed the Zacks Consensus Estimate by 16.67%. Enphase Energy has a trailing four-quarter average negative earnings surprise of 11.40%.Factors to Note Ahead of ENPH’s ResultsENPH has been experiencing a broad-based slowdown in demand for its products across the United Stat ...