Enphase’s Survival Will Rely on Microinverter Cost Cuts and Growth in Energy Storage

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.

The good

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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