Enphase reported increasing revenue in Q3 2021

US energy technology company and microinverter manufacturer Enphase Energy Inc reported revenue of $351 million in the third quarter of 2021, an increase of 11 percent compared to $178 million in the same period of last year. Operating income was $37.4 million (Q3 2020: $51 million), net income decreased from $39 million to $21.8 million in the reporting period. The company shipped approximately 2,599,575 microinverters, or 913 MW (dc), and 65 MWh of Enphase Storage systems.
For the fourth quarter of 2021, Enphase Energy estimates revenue to be within a range of $390 million to $410 million, which includes shipments of 90 to 100 MWh of Enphase Storage systems.
© PHOTON

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