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Fremont, California-based Enphase Energy, Inc. (ENPH) designs, develops, manufactures, and sells solar energy equipment for the solar photovoltaic industry internationally. Valued at $14.52 billion by market cap, the company offers home and commercial solar and storage solutions. The leading microinverter-based solar and battery systems supplier is expected to announce its fiscal second-quarter earnings for 2024 on Tuesday, Jul. 23.
Ahead of the event, analysts expect ENPH to report a profit of $0.15 per share on a diluted basis, down 87.1% from $1.16 per share in the year-ago quarter. The company beat the consensus estimates in three of the last four quarters while missing on one other occasion. In the previous quarter, ENPH shipped 1,382,195 microinverters, or approximately 603.6 megawatts DC, and 75.5 megawatt hours of IQ Batteries.
