Core Insights - Enphase Energy, Inc. is a global energy company specializing in home energy solutions, including energy generation, storage, control, and communications [1] - The company is particularly recognized for its semiconductor-based microinverter technology, which converts energy [1] Company Overview - Enphase Energy designs, manufactures, and sells various home energy solutions [1] - The company operates in the energy sector, focusing on innovative technologies to enhance energy efficiency and sustainability [1] Investment Focus - The analysis emphasizes identifying small-cap companies with strong fundamentals and growth potential, large-cap companies facing temporary setbacks, and stable companies with solid dividend yields and growth potential [1]

FREMONT, Calif., Feb. 06, 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 that it is expanding its support for grid services programs – or virtual power plants (VPPs) – in Puerto Rico, Colorado, and Nova Scotia, Canada, powered by the IQ® Battery 5P. Grid services programs are offered by electric utilities and often use energy stored in home batteries to help re ...

SAN DIEGO, Feb. 6, 2025 /PRNewswire/ --  Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Enphase Energy, Inc. (NASDAQ: ENPH) common stock between April 25, 2023 and October 22, 2024, inclusive (the "Class Period"), have until Tuesday, February 11, 2025 to seek appointment as lead plaintiff of the Enphase Energy class action lawsuit.  Captioned The Trustees of the Welfare and Pension Funds of Local 464A - Pension Fund v. Enphase Energy, Inc., No. 24-cv-09038 (N.D. Cal.), the Enphas ...

Core Insights - Enphase Energy, Inc. (ENPH) reported a significant increase in fourth-quarter 2024 adjusted earnings, reaching 94 cents per share, a 74.1% increase from 54 cents in the prior-year quarter, and surpassing the Zacks Consensus Estimate by 25.3% [1][2] - The company's full-year adjusted earnings for 2024 were $2.37 per share, down from $4.41 in the previous year, but still above the Zacks Consensus Estimate of $2.18 per share [3] - Enphase Energy's revenues for the fourth quarter were $382.7 million, exceeding the Zacks Consensus Estimate of $376 million by 1.8%, and representing a 26.5% increase from $302.6 million in the prior-year quarter [4] Financial Performance - The company reported GAAP earnings of 45 cents per share for the fourth quarter, compared to 15 cents in the year-ago quarter, driven by higher revenues and operational income [2] - Full-year revenues for 2024 totaled $1.33 billion, down from $2.29 billion in 2023, but still beating the consensus estimate of $1.32 billion [4] - Enphase Energy's adjusted gross margin increased by 290 basis points year-over-year to 53.2%, while adjusted operating expenses decreased by 3.7% to $83.3 million [5] Operational Metrics - The company shipped approximately 2.01 million microinverters and 152.4 MW hours of Enphase IQ Batteries [5] - Adjusted operating income for the fourth quarter was $120.4 million, reflecting an 83.6% increase from the year-ago quarter [5] Cash Flow and Guidance - As of December 31, 2024, Enphase Energy had cash and cash equivalents of $369.1 million, up from $288.7 million a year earlier [6] - The net cash flow from operating activities for 2024 was $513.7 million, compared to $696.8 million at the end of 2023 [6] - For Q1 2025, the company expects revenues between $340 million and $380 million, with shipments of IQ batteries projected between 150-170 MW hours [7][8]

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Financial Data and Key Metrics Changes - The company reported quarterly revenue of $382.7 million, with a gross margin of 53% and operating income of 31% on a non-GAAP basis [7][8][43] - Non-GAAP gross margin increased from 48.1% in Q3 to 53.2% in Q4, while GAAP gross margin rose from 46.8% to 51.8% [43] - Free cash flow generated in Q4 was $159 million, with total cash and equivalents at $1.72 billion at the end of Q4 [7][48][50] Business Line Data and Key Metrics Changes - Approximately 2 million microinverters and 152 megawatt hours of batteries were shipped in Q4 [7] - Microinverter sales in the U.S. increased by 11% in Q4 compared to Q3, while battery sales decreased by 8% [12] - The company expects to ship between 150 and 170 megawatt hours of IQ batteries in Q1, slightly higher than Q4 [25] Market Data and Key Metrics Changes - U.S. revenue accounted for 79% of total revenue, while international revenue was 21% [11] - In Europe, revenue decreased by 25% in Q4 compared to Q3, with overall sell-through declining by 13% [14] - The company is seeing stable demand in the U.S., particularly in California, where NEM 3.0 represents 66% of installations [13] Company Strategy and Development Direction - The company is focusing on operational efficiency, product reliability, and geographic expansion, with a strong emphasis on U.S. manufacturing [38][40] - New product introductions, including the IQ Battery 5P and IQ EV chargers, are expected to drive gradual revenue growth throughout 2025 [40][41] - The company plans to introduce a comprehensive suite of products across more European countries in 2025 [22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's positioning within the distributed energy systems market, anticipating increased demand due to rising electricity needs [39][40] - The company is cautious about government policy uncertainties but remains optimistic about the growth potential in the energy market [39] - Management expects to see gradual improvement in the European market, particularly in the Netherlands and France, despite current challenges [15][16] Other Important Information - The company repurchased approximately 2.88 million shares at an average price of $69.25 per share in Q4, with a remaining authorization of $398 million for further repurchases [49] - The company implemented a restructuring plan to reduce operating costs, aiming for non-GAAP operating expenses to be in the range of $75 million to $80 million per quarter by Q2 2025 [45] Q&A Session Summary Question: Guidance clarification regarding safe harbor revenue - Management clarified that the $95 million safe harbor revenue would have been recognized over eight quarters, translating to approximately $12 million per quarter of core revenue [61][62] Question: Battery storage volume expectations - Management expects sequential growth in battery sales throughout 2025, with the introduction of the FlexPhase battery anticipated to enhance market share [66][68] Question: Safe harbor revenue details - Management confirmed that the safe harbor revenue is primarily related to microinverters, with no specific customer names disclosed [75] Question: European market dynamics - Management noted that electricity rates in France have decreased, which may create headwinds, but the market remains attractive due to low solar penetration [184][185] Question: Supply chain and tariff concerns - Management expressed confidence in the diversified supply chain mitigating tariff impacts, particularly for the new IQ9 product [111][113] Question: Return of capital strategy - Management reiterated the strategy of prioritizing business needs and M&A opportunities before considering stock buybacks [120][121]

Enphase Energy (ENPH) came out with quarterly earnings of $0.94 per share, beating the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $0.54 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 25.33%. A quarter ago, it was expected that this solar technology company would post earnings of $0.78 per share when it actually produced earnings of $0.65, delivering a surprise of -16.67%.Over the last four quart ...

Enphase Energy reported better-than-expected fourth-quarter results amid growth in the U.S. market.Enphase Energy (ENPH 3.66%), a leader in microinverter technology, released its earnings for the fourth quarter on Feb. 4. The company reported strong financial results, with non-GAAP earnings per share (EPS) of $0.94 significantly outpacing analyst estimates of $0.73. Total revenue also exceeded expectations, coming in at $382.7 million compared to an estimated $377 million. The results reflected an improved ...

Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Feb. 04, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Enphase Energy, Inc. ("Enphase Energy" or the "Company") (NASDAQ: ENPH) investors of a class action representing investors that bought securities between April 25, 2023 and October 22, 2024, inclusive (the "Class Period"). Enphase Energy investors have until February 11, 2025 to file a lead plaintiff motion. Investors are encouraged to contact ...

| | | | | GAAP | | | | | | Non-GAAP | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | Q4 2024 | | | Q3 2024 | | Q4 2023 | | Q4 2024 | | Q3 2024 | | Q4 2023 | | Revenue | $ | 382,713 | $ | 380,873 | $ | 302,570 | $ | 382,713 | $ | 380,873 | $ | 302,570 | | Gross margin | | 51.8 % | | 46.8 % | | 48.5 % | | 53.2 % | | 48.1 % | | 50.3 % | | Operating expenses | $ | 143,489 | $ | 128,383 | $ | 156,893 | $ | 83,322 | $ | 81,612 | $ | 86,551 | | Operating income (loss) | $ | ...