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Enphase Expands IQ Energy Management to Include Water Heaters
ZACKS· 2025-10-10 15:10
Key Takeaways Enphase has added electric water heater control to its IQ Energy Management system in Europe.The update lets users manage solar, storage, EVs, heat pumps and water heaters from one app.This expansion boosts efficiency, increases solar self-consumption and supports flexible energy use.Enphase Energy, Inc. (ENPH) recently expanded its IQ Energy Management system to include select electric water heaters in Belgium, the Netherlands and Switzerland. The update allows homeowners to manage solar pane ...
Enphase Energy Q2 Earnings Beat Estimates, Revenues Rise Y/Y
ZACKS· 2025-07-23 13:26
Core Insights - Enphase Energy, Inc. (ENPH) reported second-quarter 2025 adjusted earnings of 69 cents per share, a 60.5% increase from 43 cents in the prior-year quarter, surpassing the Zacks Consensus Estimate of 62 cents by 11.3% [1][7] - The company's GAAP earnings were 28 cents per share, compared to 8 cents in the year-ago quarter [1] Revenue Performance - Enphase Energy's second-quarter revenues reached $363.2 million, exceeding the Zacks Consensus Estimate of $357 million by 1.9% and representing a 19.7% increase from $303.5 million in the prior-year quarter [3][7] - The revenue growth was driven by higher sales in the United States and Europe, with U.S. sales influenced by seasonality and European sales boosted by increased microinverter and battery shipments [3][4] Operational Metrics - The company shipped approximately 1.53 million microinverters and 190.9 megawatt-hours (MWh) of Enphase IQ Batteries during the quarter [4] - Adjusted gross margin improved by 150 basis points year over year to 48.6% [4][7] - Adjusted operating expenses decreased by 4.8% year over year to $77.8 million, while adjusted operating income rose 61.4% to $98.6 million [4][7] Financial Position - As of June 30, 2025, Enphase Energy had $370.5 million in cash and cash equivalents, slightly up from $369.1 million as of December 31, 2024 [5] - Cash flow from operating activities was $75 million, down from $176.3 million a year ago [5] Future Guidance - For the third quarter of 2025, Enphase Energy expects revenues between $330 million and $370 million, with the Zacks Consensus Estimate at $366.2 million [6] - The company anticipates shipping IQ batteries in the range of 190-210 MWh in the third quarter [6] - Adjusted operating expenses are projected to be between $78 million and $82 million, excluding approximately $52 million for stock-based compensation and acquisition-related costs [7][8]
First Solar vs. Enphase: Which Solar Stock Is the Better Player in 2025?
ZACKS· 2025-05-26 13:36
Core Insights - The solar photovoltaic (PV) industry is experiencing significant growth as it shifts towards cleaner energy, with companies like First Solar (FSLR) and Enphase Energy (ENPH) presenting unique investment opportunities [1][2] Group 1: First Solar (FSLR) - Recent Achievements & Growth Prospects: First Solar reported a year-over-year sales growth of 6.4% in Q1 2025, with a total installed nameplate production capacity of approximately 21 gigawatts (GW) as of March 31, 2025 [3][4] - Financial Stability: As of March 31, 2025, First Solar had cash and cash equivalents of $891 million, long-term debt of $328 million, and current debt of $197 million, indicating a strong solvency position [5] - Challenges: First Solar faces oversupply concerns due to an estimated 270 GW of capacity added by Chinese manufacturers in 2024, which may lead to price volatility and margin pressure [6][7] Group 2: Enphase Energy (ENPH) - Recent Achievements & Growth Prospects: Enphase Energy achieved a 35.2% year-over-year sales improvement in Q1 2025, driven by increased battery sales in Europe [8][9] - Financial Stability: As of March 31, 2025, Enphase had cash and cash equivalents of $1.53 billion, long-term debt of $570 million, and current debt of $630 million, reflecting a solid solvency position [10] - Challenges: Enphase is facing potential cost increases due to U.S. tariffs and a slowdown in product demand in parts of Europe, particularly in France and the Netherlands [11][12] Group 3: Comparative Analysis - Earnings Estimates: The Zacks Consensus Estimate for First Solar's 2025 sales and earnings per share (EPS) implies improvements of 16.8% and 21.4%, respectively, while Enphase's estimates suggest a 7.3% sales increase and a 2.1% EPS increase [13][14] - Stock Performance: Over the past three months, FSLR has outperformed ENPH, with FSLR down 42.7% and ENPH down 68.3% [15] - Valuation: First Solar is trading at a forward earnings multiple of 9.10X, which is more attractive compared to Enphase's 14.92X [16] Group 4: Final Decision - Overall Assessment: First Solar appears to have better fundamentals, financial stability, and valuation compared to Enphase, despite both companies facing declining earnings estimates and market challenges [20][21][22]