Reuters report on Enphase says FCC drafting rules to ban Chinese-made inverters from U.S. market, boosting domestic suppliers
Enphase Energy, Inc., along with its subsidiaries, is dedicated to developing, manufacturing, and distributing home energy solutions for the global solar photovoltaic industry. Their core offering is a semiconductor-based microinverter, designed to convert energy at the individual solar module level. This technology seamlessly integrates with their proprietary networking and software, providing advanced energy monitoring and control capabilities. The company's product portfolio also includes AC battery storage systems, the Envoy communications gateway, the cloud-based Enlighten monitoring service, and various related accessories. Enphase sells its offerings through multiple channels, reaching solar distributors, large installers directly, original equipment manufacturers (OEMs), strategic partners, and individual homeowners, as well as through its legacy product upgrade program and online store. Established in 2006, Enphase Energy, Inc. is headquartered in Fremont, California.
| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.33B | $2.29B | $2.33B | $1.38B | $774.42M | $624.33M | $316.16M | $286.17M |
| Cost of Revenue | $701.25M | $1.23B | $1.36B | $827.63M | $428.44M | $403.09M | $221.71M | $230.12M |
| Gross Profit | $629.14M | $1.06B | $974.60M | $554.42M | $345.98M | $221.25M | $94.44M | $56.04M |
| Gross Margin | 47.29% | 46.20% | 41.81% | 40.12% | 44.68% | 35.44% | 29.87% | 19.58% |
| Operating Expenses | $551.85M | $612.65M | $526.33M | $338.59M | $159.54M | $118.52M | $92.85M | $95.42M |
| Operating Income | $77.29M | $445.74M | $448.26M | $215.83M | $186.44M | $102.73M | $1.60M | $-39.38M |
| Operating Margin | 5.81% | 19.46% | 19.23% | 15.62% | 24.07% | 16.45% | 0.50% | -13.76% |
| Net Income | $102.66M | $438.94M | $397.36M | $145.45M | $134.00M | $161.15M | $-11.63M | $-45.19M |
| Net Margin | 7.72% | 19.16% | 17.05% | 10.52% | 17.30% | 25.81% | -3.68% | -15.79% |
| EPS (Basic) | $0.76 | $3.24 | $2.94 | $1.09 | $1.07 | $1.38 | $-0.12 | $-0.54 |
| EBITDA | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Stock Option Compensation Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price To Earnings Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price To Sales Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Shares Outstanding | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Market Capitalization | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |