CompetitionGlobal solar distributors/installers are shifting away from higher-cost module-level-performance-electronics (MLPE) inverters, opting instead for lower-cost string options, posing significant risk to Enphase.
EarningsEnphase reported 2Q24 sales of $303.5mn, missing Consensus’ est. of $309.9mn.
Market ShareEnphase is expected to continue losing market share in the US due to regulatory changes and Sunrun's growth in the installer market.