Group 1 - Enphase Energy's stock price fell over 6.3% in after-hours trading [1] - The CEO of Enphase Energy expressed concerns that the U.S. residential solar market is expected to decline by 20% by 2026 [1]

Group 1 - Enphase Energy reported Q2 revenue of $363.2 million, exceeding analyst expectations of $359.3 million [1] - The Microinverter segment shipped 1.53 million units in Q2, below the analyst forecast of 1.6 million units [2] - Total battery shipments in Q2 reached 190.9 MWh, surpassing the analyst expectation of 164.34 MWh [3] Group 2 - The company plans to accelerate its shift towards solar leasing business next year, enhancing the accessibility of large-scale leasing financing [3] - The European residential solar market is facing challenges [4] - Following the earnings report, Enphase's stock experienced a post-market drop of 6.61% [5]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-35480 Enphase Energy, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation ...

Exhibit 99.1 Enphase Energy Reports Financial Results for the Second Quarter of 2025 | | | | | GAAP | | | | | | Non-GAAP | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | Q2 2025 | | | Q1 2025 | | Q2 2024 | | Q2 2025 | | Q1 2025 | | Q2 2024 | | Revenue | $ | 363,153 | $ | 356,084 | $ | 303,458 | $ | 363,153 | $ | 356,084 | $ | 303,458 | | Gross margin | | 46.9 % | | 47.2 % | | 45.2 % | | 48.6 % | | 48.9 % | | 47.1 % | | Operating expenses | $ | 133,486 | $ | 136,319 | ...

Core Insights - Enphase Energy reported a quarterly revenue of $363.2 million for Q2 2025, reflecting a 2% increase from Q1 2025 and a 20% increase from Q2 2024 [2][6][19] - The company achieved a non-GAAP gross margin of 48.6% in Q2 2025, slightly down from 48.9% in Q1 2025, while the GAAP gross margin was 46.9% [2][3][6] - Enphase shipped approximately 1.53 million microinverters and 190.9 MWh of IQ Batteries during the quarter, with significant growth in European markets [2][9][10] Financial Performance - Total revenue for Q2 2025 was $363.2 million, compared to $356.1 million in Q1 2025 and $303.5 million in Q2 2024 [2][6] - Non-GAAP operating income was $98.6 million, up from $94.6 million in Q1 2025, while GAAP operating income was $37.0 million [4][6] - Net income for Q2 2025 was $37.1 million (GAAP) and $89.9 million (non-GAAP), with diluted EPS of $0.28 (GAAP) and $0.69 (non-GAAP) [2][6][19] Operational Highlights - The company exited Q2 2025 with $1.53 billion in cash, cash equivalents, and marketable securities, generating $26.6 million in cash flow from operations [5][6] - Enphase repurchased 702,948 shares at an average price of $42.67 per share, totaling approximately $30 million [7] - The company began shipping its fourth-generation Enphase Energy System, which includes the IQ Battery 10C, designed to be 30% more energy-dense and occupy 62% less wall space [10][11] Product Developments - Enphase ramped shipments of the IQ Battery with FlexPhase into more European countries, enhancing flexibility for diverse home energy needs [11] - The IQEV Charger 2 is now shipping to 18 countries, designed to work with Enphase solar and battery systems [12] - The company continues to enhance its digital platform, Solargraf, with new features aimed at improving the installer experience [13] Market Trends - Revenue in the U.S. increased approximately 3% in Q2 2025 compared to Q1 2025, while revenue in Europe rose approximately 11% [2][6] - The company reported a negative impact of approximately two percentage points on margins due to reciprocal tariffs [3] - Enphase expects Q3 2025 revenue to be in the range of $330 million to $370 million, with anticipated shipments of 190 to 210 MWh of IQ Batteries [22]

This failure to exhibit Satoguna across the Guna Triads is the key reason the stock has remained under pressure in both Phase 17 and Phase 18, with no signs of a structural recovery. "A Lack of noticeable Satoguna in any of the triads leads to no Nirvana in Phase 18." —Adhishthana: The Principles That Govern Wealth, Time & Tragedy Monthly Chart: The Buddhi & Yajya Move Enphase Energy ENPH is currently in the final stretch of its 18-Phase Adhishthana Cycle—Phase 18 on the weekly chart. The stock has now been ...

Core Insights - The global economy is rapidly moving towards decarbonization, electrification, and clean energy independence, positioning companies like GE Vernova (GEV) and Enphase Energy (ENPH) as key players in the green energy transition [1][3] - Investor interest in GEV and ENPH is increasing due to supportive government climate policies, rising energy demand, and the adoption of distributed generation and digital energy solutions [1] Company Overview - GE Vernova is focused on decarbonizing power generation with segments in gas power, wind energy, and grid solutions, aiming to lead in grid modernization and renewable infrastructure [2] - Enphase Energy specializes in solar microinverter systems, energy storage, and residential energy management, positioning itself as a strong player in the decentralized clean energy market [2] Financial Stability & Growth Drivers - As of March 31, 2025, GEV has cash and cash equivalents of $8.11 billion and no debt, allowing it to invest $5 billion in R&D through 2028 [4][5] - Enphase Energy has cash and cash equivalents of $1.53 billion, with total debt of $1.2 billion, indicating a solid solvency position to support product innovation and market opportunities [6] - GEV is gaining traction through strategic collaborations, including a contract to supply gas turbines in Puerto Rico and agreements for nuclear energy projects in Finland and Sweden [7][8] - Enphase is expanding globally with innovative product launches, such as the IQ Battery 5P and IQ EV Charger 2, enhancing its customer base in Europe and Australia [9][10] Stock Performance & Valuation - GEV has seen a stock surge of 244.6% over the past year, while ENPH has declined by 62.2% [10] - GEV's forward P/E ratio is 58.68X, significantly higher than ENPH's 14.29X, indicating a more attractive valuation for ENPH [19] - ENPH demonstrates better Return on Equity (ROE) compared to GEV, suggesting greater capital efficiency [22] Earnings Estimates - The Zacks Consensus Estimate for GEV's 2025 sales and EPS indicates improvements of 6.7% and 32.3%, respectively [15] - For ENPH, the 2025 sales estimate suggests an 8.9% increase, while EPS is expected to rise by 3.8% [16] Investment Appeal - GEV's strong recent performance and earnings estimate revisions reflect market optimism, but its high valuation and challenges in offshore wind may limit efficiency [24] - ENPH offers a more attractive valuation and superior capital efficiency, despite its recent stock lag, indicating potential for recovery [24] - Investors seeking growth may prefer GEV, while those focused on value might find better opportunities in ENPH [25]

Group 1: Trade Cycles Overview - Trade Cycles is a new trading strategy developed by TradeSmith, which identifies seasonal market trends with high accuracy [1][2] - The tool has become essential for quantitative analysis, helping to pinpoint optimal buying times based on historical data [2][3] Group 2: Seasonal Recommendations - The back-to-school season is projected to significantly boost sales for retailers, with companies like Carter's Inc. (CRI) potentially seeing a 30% increase, while Target Corp. (TGT) may experience a 5% revenue boost [6] - Despite the seasonal potential, Carter's and Target face challenges due to tariff threats, leading to negative sentiment and forecasts of profit declines [7] - Hanesbrands Inc. (HBI) is recommended as a more attractive investment opportunity, historically rising 5% on average during summer months, with a notable 60% surge between July and November in 2024 [8][9] Group 3: Enphase Energy Insights - Enphase Energy Inc. (ENPH) has shown a significant seasonal pattern, with stock surging 42% during summer months in the past, but facing a decline during President Biden's term [15][16] - Current market conditions suggest a favorable environment for Enphase, with shares trading at 16X forward earnings, significantly lower than the Biden-era average of 45X [17] - The company is well-positioned to benefit from increasing solar demand, with 69% of new electric generating capacity expected to be solar by 2025 [18][19] Group 4: Vail Resorts Analysis - Vail Resorts Inc. (MTN) typically sees stock price increases of 7.4% during the winter months, but the best buying opportunity is in September when season passes are sold at peak prices, leading to an average increase of 10.5% from September to November [22][23]

Core Viewpoint - Enphase Energy, Inc. is expected to report its second-quarter 2025 results on July 22, 2025, with a consensus estimate for earnings per share (EPS) at 62 cents, indicating a year-over-year growth of 44.2% [6][8]. Group 1: Revenue and Product Launches - Enphase Energy has launched several new products in various countries, including the IQ Battery 5P in multiple European nations and IQ8 Microinverters in Japan, which are anticipated to boost quarterly revenues [1][2]. - The Zacks Consensus Estimate for Enphase's second-quarter sales is $356.3 million, reflecting a year-over-year growth of 17.4% [4]. Group 2: Regional Performance - In the United States, lower demand for microinverters may negatively impact overall revenues, while strong sales are expected in the UK and Germany, although reduced demand in France could adversely affect European sales [3]. Group 3: Impact of Tariffs - Newly announced U.S. import tariffs, including a 145% tariff on products from China, are expected to reduce Enphase's gross margin by approximately 2%, although the impact may be mitigated by the use of pre-tariff inventory batteries [5][8]. Group 4: Earnings Prediction - The current Earnings ESP for Enphase Energy is -4.24%, indicating that the model does not predict an earnings beat for this reporting cycle [7].

Core Insights - Enphase Energy has begun initial shipments of the IQ Battery 5P, which features a higher domestic content than previous models, complying with new U.S. federal budget law requirements [1][2] - The new law mandates a 45% U.S.-sourced materials threshold for solar and battery products, increasing to 50% in 2026 and 55% in 2027, which the IQ Battery 5P is designed to meet [2] Company Overview - Enphase Energy is a global energy technology company based in Fremont, CA, recognized as the leading supplier of microinverter-based solar and battery systems [5] - The company has shipped approximately 81.5 million microinverters and deployed around 4.8 million Enphase-based systems in over 160 countries [5] Product Features - The IQ Battery 5P has a modular design with a capacity of 5 kWh and can be paired with Enphase IQ8™ Microinverters, providing reliable electricity for homeowners [3] - The product allows users to monitor performance and manage battery systems through the Enphase App, including a self-consumption feature to reduce grid electricity usage [3] Market Impact - The increased domestic content of the IQ Battery 5P supports American jobs and manufacturing, contributing to a more resilient domestic supply chain [2] - Installer partners of Enphase Energy are positioned to benefit from federal tax incentives due to the compliance of the IQ Battery 5P with the new domestic content requirements [4]