Enphase posts another record revenue

U.S. microinverter and storage systems manufacturer Enphase Energy Inc. posted another record revenue of $634.7 million in the third quarter of this year – 40 percent higher than the same quarter last year ($351.5 million) and 41 percent higher than the second quarter ($530.2 million).
Net income of $114.8 million was also much higher than the same period last year ($21.8 million) and the second quarter ($77 million). Enphase shipped approximately 4.34 million microinverters with 1.7 gigawatts of total capacity in the second quarter, up 30 percent from the first quarter. Total capacity of Enphase battery storage systems sold in the U.S. as well as Germany and Belgium, which are also compatible with many inverters from other manufacturers, was 133.6 megawatt-hours, in line with the previous quarter.

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