Enphase Energy 2024 revenues fall despite Q4 uptick
Latest
Enphase Energy saw its revenues fall by almost US$1 billion compared with 2023. Image: Enphase Energy
US-based microinverter manufacturer Enphase Energy saw a substantial decline in yearly revenues and share price between 2023 and 2024 as the wider inverter market faces challenges.
In 2024, Enphase saw its revenues fall by almost US$1 billion compared with 2023 – down from US$2.29 billion to US$1.33 billion. Net income also fell to US$102,658 from over US$430,000 in 2023. Concurrently, the company’s basic earnings per share fell from US$3.22 to US$0.76.This article requires Premium SubscriptionBasic (FREE) Subscription
Unlock unlimited access for 12 whole months of distinctive global analysis
Photovoltaics International is now included.
Regula...