Enphase Energy Reports Financial Results for the Second Quarter of 2020
Enphase Energy, Inc. (ENPH)
Last enphase energy, inc. earnings: 2/18 04:05 pm
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Source: GlobeNewswire
FREMONT, Calif., Aug. 04, 2020 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world’s leading supplier of solar microinverters, announced today financial results for the second quarter of 2020, which included the summary below from its President and CEO, Badri Kothandaraman. We reported revenue of $125.5 million in the second quarter of 2020, along with a record 39.6% for non-GAAP gross margin. Our second quarter revenue decreased 39% sequentially, or 22% sequentially, excluding the impact of $44.5 million of safe harbor revenue in the first quarter of 2020. We shipped approximately 355 megawatts DC, or 1,087,662 microinverters. Highlights for the second quarter of 2020 included: Shipments of Enphase Encharge™ energy storage systems in June for pilot runs to installersRevenue of $125.5 millionCash flow from operations of $25.4 million; ending cash balance of $607.3 millionGAAP gross margin of 38.5%; record non-GAAP gross margin
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News
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- Enphase Energy, Inc. (NASDAQ: ENPH) had its price target lowered by analysts at Craig Hallum from $159.00 to $147.00. They now have a "buy" rating on the stock.MarketBeat
- Yahoo Finance [Yahoo! Finance]Yahoo! Finance
- Enphase Energy, Inc. (NASDAQ: ENPH) had its price target lowered by analysts at Royal Bank of Canada from $140.00 to $130.00. They now have an "outperform" rating on the stock.MarketBeat
ENPH
Earnings
- 4/23/24 - Beat
ENPH
Sec Filings
- 4/25/24 - Form 144
- 4/23/24 - Form 8-K
- 4/23/24 - Form 10-Q
- ENPH's page on the SEC website