Enphase revenue up 26% as overseas expansion continues

Facebook
Twitter
LinkedIn
Reddit
Email

Inverter manufacturer Enphase Energy reported revenue of US$57.6 million for the first quarter of 2014, up 26% on the same period last year.

Microinverter sales grew 37% in the same period to 93MW.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

Not ready to commit yet?
  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The company is continuing its growth outside of the US, with a dedicated Asia-Pacific office opened in Australia last month. The company said growth in overseas markets had compensated for the effects of severe weather in North America during the quarter.

“Demand for our microinverter systems was strong in both our core domestic and international markets, resulting in a 26% increase in revenue on a year-over-year basis,” said Paul Nahi, CEO, Enphase.

“In particular, I am excited with the impressive revenue growth in our EMEA business led by the UK where revenue was up over 60% sequentially and our early success in the Australian market.”

Net loss fell from US$10.4 million in the first quarter of 2013 to US$6.2 million in Q1 2014.

The company said it expected revenues for the second quarter of 2014 to fall between US$69 million and US$73 million. Revenue in the second quarter of 2013 was US$58.2 million.

Read Next

August 26, 2025
ABO Energy has closed its first syndicated loan agreement worth €240 million (US$279.8 million) to develop and construct more wind, solar and storage project.
August 26, 2025
Daqo New Energy has posted gross losses of US$81.4 million in Q2 2025, up from losses of US$81.5 million in Q1.
August 26, 2025
Investment in utility-scale solar fell by 19% in the first half of 2025, as global investment in all renewable energy projects grew by 10%.
August 26, 2025
Jakson Engineers is investing over INR80 billion (US$912.5 million) to set up a 6GW integrated solar module, cell, and wafer plant.
August 26, 2025
India installed 14.3GW of new utility-scale solar capacity in the first half (H1) of 2025, marking a 49% increase year-on-year.
August 26, 2025
The Australian Government’s CER approved 56 new power stations, with 797MW of renewable energy capacity, in July this year.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines