Recent Updates — ENPH
On October 28, 2026, Enphase Energy entered into a Tax Credit Transfer Agreement with an unnamed leading corporation. The company agreed to sell up to $100 million of Section 45X advanced manufacturing production tax credits generated from the production and sale of eligible components in the United States during calendar year 2026. The purchase price for these credits will not exceed $92 million, payable in two installments during 2026 and 2027, subject to customary conditions precedent including the absence of default and accuracy of representations. Enphase Energy designs and manufactures microinverters and energy management technology for solar and battery systems.
Enphase Energy reported third-quarter revenue of $293.3 million, a slight increase from the prior quarter's $291.9 million, driven by 1.42 million microinverter shipments and 129.9 MWh of battery sales. GAAP diluted earnings per share were $0.17, while non-GAAP diluted EPS reached $0.41, reflecting a gross margin of 45.0%. The company cited soft residential solar demand in the U.S. and seasonality in Europe as headwinds, though it highlighted progress on its IQ SST technology for AI data centers. Enphase provided fourth-quarter revenue guidance between $225 million and $255 million. Enphase Energy is a global energy technology company designing semiconductor-based power electronics for solar, storage, and EV charging.
Enphase Energy reported second quarter 2026 financial results with revenue of $291.9 million, a 3% increase from the prior quarter. GAAP diluted earnings per share were $0.27, compared to a loss of $0.06 in the first quarter. The company shipped approximately 1.59 million microinverters and 113.8 MWh of batteries. Enphase Energy provided third quarter 2026 revenue guidance of $290.0 million to $320.0 million. The company operates in the renewable energy technology sector, manufacturing microinverters, battery storage systems, and energy management solutions.
Enphase Energy, Inc. entered into a Tax Credit Transfer Agreement with a financial institution to sell up to $150,000,000 of advanced manufacturing production tax credits under Section 45X of the Internal Revenue Code. The purchase price for the tax credits will not exceed $139,500,000, which will be paid in four installments during 2026 and 2027. Enphase Energy, Inc. operates in the solar energy technology industry and provides microinverters and energy management solutions.
Enphase Energy, Inc. expanded its Board of Directors to eight members by appointing Shanker Trivedi to a newly created Class I vacancy. Mr. Trivedi, formerly a Senior Vice President at NVIDIA Corporation, will also serve on the Audit Committee. The appointment includes a $250,000 restricted stock unit award vesting in four equal installments through May 2026. Enphase Energy, Inc. provides solar microinverter and energy management technology solutions.