Stock Investing
Understanding the Latest Financial Performance of Enphase Energy, Inc. (ENPH)
Enphase Energy, Inc. (NASDAQ: ENPH), a maker of inverters, reported its second quarter 2022 results. The firm has set a new sales record, and its key product, solar microinverters, is still in high demand. ENPH was a pioneer in the large-scale manufacture of microinverters, which are devices that connect directly to solar panels and provide green energy to the grid. Microinverters have decreased installation and control costs for power plants of all sizes, and Enphase’s innovations remain relevant. Enphase Energy, Inc. (ENPH) achieved a new quarterly sales record of $530.2 million last quarter. The $77 million in GAAP profits, or
