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Enphase Energy Reports Financial Results for the Second Quarter of 2022

Enphase Energy Reports Financial Results for the Second Quarter of 2022

FREMONT, Calif., July 26, 2022 (GLOBE NEWSWIRE) — Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world’s leading supplier of microinverter-based solar and battery systems, announced today financial results for the second quarter of 2022, which included the summary below from its President and CEO, Badri Kothandaraman. We reported record quarterly revenue of $530.2 million in the second quarter of 2022, along with 42.2% for non-GAAP gross margin. We shipped 3,348,553 microinverters, or approximately 1,213 megawatts DC, and 132.4 megawatt hours of Enphase® IQ™ Batteries. Financial highlights for the second quarter of 2022 are listed below. Record quarterly revenue...

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A luxurious home with solar panels

Are Solar Panels a Good Long Term Investment?

Renewable energy is the new thing these days, and with so many investment opportunities, it’s hard to know if investing in something is really going to “save tons of money.” So, do solar panels save money? Is solar worth it? How much do solar panels for the home cost? How Much Do Solar Panels Save? If you want to understand how much money solar panels save on your electric bills, you first need to calculate how much you’re spending on electricity every year. For example, the average annual electricity usage in a U.S. household is...

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