Enphase Energy has posted $ 356.1 million in income for the first quarter of 2025, which falls short of expectations. The provider of the microinverter and the battery storage says that it has reduced its margin for views due to the rising rate pressure.
Enphase Energy has reported its income from the first quarter of 2025, and lacks the expectations of Wall Street for income. It booked $ 356.1 million in income for the first quarter, under expectations of $ 362 million.
The specialist of Micro -Omsterer and storage solutions sent 1.2 million micro -formers and 44.1 MWh of his IQ Battery Battery storage products in the first quarter. It said that more than 10,900 installers worldwide are certified to install them.
It reduced his income guidance in the second quarter of 2025 to $ 360 million, under the estimates of the analysts of $ 375 million. It mentioned a weakened demand on the American residential solar market, higher costs of rate enforcement and constant uncertainty surrounding the US tax credits.
Turnover in the United States fell by 13% compared to the previous quarter, while European turnover increased by 7%. Enphase attributed the increase in Europe to a stronger sale of its IQ battery 5p.
The company recorded a gross margin of 48.9% in the first quarter, compared to 53.2% in the fourth quarter of 2024. It predicted a gross margin of 42.0% to 45.0% for the second quarter, with an impact of 2% margin impact on new rates. Enphase sources are battery cells from China.
“From the second quarter, we anticipate a total gross margin of 6% to 8% after accounting for adjustments to the price,” said Badri Kothandaraman, CEO of Enphase Energy.
The company said it expected the rate -related effects on the gross margin by the second quarter of 2026, after a decrease of the third quarter of 2025, because it diversifies its battery cell supply chain, where rates are currently 145%.
Enphase ended in the first quarter of 2025 with $ 1.53 billion in cash, kasequivalents, limited cash and tradable effects. It generated $ 48.4 million in operational cash flow during the quarter.
It said that it is planning to launch new products for the American market, including the fourth generation of home battery and a collar Designed to help solar projects to prevent expensive electric upgrades.
The stock fell by 13.5% in the trade session after the release of his winning report.
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