Share prices for inverter manufacturer SolarEdge have risen since the start of the week following news the company is cutting 400 jobs, its fourth layoff in the past year.
Microinverter supplier Enphase Energy has inaugurated a new manufacturing facility in Columbia, South Carolina in partnership with international manufacturing company Flex. It is the first of up to six planned US facilities, Enphase has said.
Microinverter supplier Enphase Energy is expected to ship 100MWh of batteries in the current quarter with the gross margin reaching more than 40%, while its net income in the first quarter of 2023 increased by 183.4% year-on-year.
Microinverter supplier Enphase Energy plans to add a quarterly capacity of 4.5 million microinverters in 2023 and reach ten million by the end of the year.
US microinverter manufacturer Enphase has plans to establish four to six new manufacturing lines in the US by mid-2023 as it seeks to take advantage of manufacturing production tax credits contained with the Inflation Reduction Act (IRA).
Microinverter supplier and home energy solutions company Enphase Energy is targeting greater growth in the European market following strong tailwinds in the region but is also seeking to draw on the experience of partner companies in Europe to drive growth across the US.
Microinverter supplier Enphase Energy is witnessing soaring demand for its products in Europe for self-consumption as the continent’s energy crisis is increasing causing people to look to residential solar PV
