By [email protected] The suspense continues as microinverter and energy storage firm Enphase races to grow market share, cut costs and enter new markets. The company just announced financial results for its third quarter.
Here are the takeaways.
Enphase reported total quarterly revenue of $88.7 million, up 12 percent compared to the previous quarter
It was Enphase’s second-largest quarter ever by megawatts shipped
Gross margins held relatively steady at 18 percent, as did revenue-per-watt at $0.43 per watt (AC) — although both are down year-over-year
Q4 guidance implies modest growth by revenue and megawatts
During the third quarter of 2016, Enphase sold 204 megawatts (AC) or 869,000 microinverters,
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