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Enphase Energy, Inc. (ENPH) stock is on rise today – What’s the reason?

Enphase Energy, Inc. (ENPH) experiences an increase of 13.57% in the premarket after the company announced results of the third quarter of 2021. However, the last trading session closed at $173.46 with a decrease of 3.33%.


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Third Quarter Results 2021

ENPH announced third quarter 2021 results on 26th October 2021. In comparison to the second quarter of 2021, total revenue grew by 9%. The company worked hard to accommodate the increased client demand while negotiating global component supply limits and logistical hurdles. Higher transportation and expedite costs were offset by a price increase on microinverters and cost control, resulting in a non-GAAP gross margin of 40.8 percent in the third and second quarters of 2021.

Non-GAAP operating expenditures grew to $57.3 million in the third quarter of 2021, up from $51.7 million the previous quarter. This owed to higher R&D and marketing spending, as well as increased employment. ENPH had $1.4 billion in cash, cash equivalents, and marketable securities at the end of the third quarter of 2021. Lastly, capital expenditures were $12.7 million, down from $16.4 million the previous quarter.

Launch of IQ8

For clients in North America, Enphase Energy has revealed the all-new Enphase Energy System featuring IQ8TM solar microinverters on 25th October 2021. IQ8 can build a microgrid using just solar during a power outage, supplying backup power even without a battery, unlike other products. The company has cleared that many people believe that if the sun is shining, their solar systems will work, even if the electricity is down. However, this was not the case. With IQ8, households can finally take advantage of Solar plants. Even without a battery, Sunlight Backup may be provided by IQ8 solar microinverters during a power outage.

The IQ8 microinverter, as a real microgrid microinverter, is likely to be a gamechanger for the business. Lastly, ENPH states that managing client expectations of battery design and sizing limits, as well as explaining alternative possibilities, was difficult until IQ8.

Integration With Existing AC Home Standby Generators

On 21st October 2021, ENPH reported that the top types of home backup AC generators would soon be integrated with its home energy systems, resulting in improved performance and a smooth transition for homes during power outages. The ENPH app also allows homeowners to monitor real-time power flow, start and stop their generator remotely, establish quiet hours to keep their generator from running until their batteries fall below a certain level and regulate everything.

The new feature reduces power glitches that cause home electrical gadgets to reset when switching to generator power and works without a generator automatic transfer switch. The distributed AC design of Enphase eliminates the single points of failure seen in rival systems’ DC architecture. String inverters are used in most DC systems, which limits the amount of AC power accessible. Last but not least, the AC-coupled system from Enphase creates a microgrid that smoothly integrates solar power, battery storage, and the generator.

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