Expansion StrategyENPH anticipates continued improvement tied to the launch of the fourth gen battery, IQ9 in Q4, and new markets like balcony solar and Japan.
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.
Revenue GrowthEurope 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.