Enphase Energy Reports Financial Results for the First Quarter of 2019
News & Updates
May | North America
Enphase Energy reports financial results for the first quarter of 2019
Our first quarter revenue was $100.2 million, an increase of 9% sequentially and an increase of 43% year-over-year. We shipped approximately 306 megawatts DC, or 976,410 microinverters. We continued to see strong demand across the board from our customers, overcoming the typical first quarter seasonality in the solar industry.
On September 18, 2018, the U.S. Trade Representative (USTR) notified the public of a 10% tariff on $200 Billion worth of certain Chinese imports. This affected most Enphase products along with products in many other industries. You can read more about the 301-tariff impact here. Please speak to your channel partners regarding further price notifications.
Enlighten mobile app is updated to provide system owners or hosts, who have MyEnlighten access, with an updated array view that now includes per-panel data. It'll help your customers to monitor how their system is performing down to the panel level. Find out answers to all your questions on per-panel monitoring here.
Enphase has recently launched an Upgrade Program that gives homeowners several options for upgrading to the latest, more efficient and reliable microinverters from Enphase. More than 2,500 homeowners have joined the Enphase Upgrade Program and are enjoying its benefits. This program is ideal for warranty holders of legacy Enphase microinvertersand represents the company’s continued commitment to quality and service.
With Service-on-the-Go, your customers can request returns (warranty claims) and have them approved within seconds, without ever having to pick up a phone. They can also quickly retire and replace the device, from the field or in the office, on their own schedule.
At NABCEP 2019, Enphase set the stage for grid-agnostic solar with Enphase Ensemble technology. With solar installation companies and installers in the field, in mind, we delivered concepts behind how to set up a fully autonomous self-islanding grid-agnostic solar system with upcoming Ensemble products. Download the presentation from the training conference and become part of the Ensemble story.