Future GrowthENPH anticipates continued improvement tied to the launch of the fourth gen battery, IQ9 in Q4, and new markets like balcony solar and Japan.
International ExpansionEurope benefitted from the release of the IQ Battery 5P FlexPhase in Germany despite a still-challenging demand environment in the region, pushing revenues ~7% higher.
Product InnovationENPH is expected to introduce the IQ9 microinverter with European-sourced GaN bidirectional switches, resulting in 10% more power transfer and a 10% lower cost per watt.