Enphase Energy beat its revenue guidance in Q1 2021 as the microinverter supplier got off to a strong start to 2021, however an ongoing semiconductor shortage has weighed heavy on guidance for the rest of the year.
With three years of financial and business data available, we can start to analyse a number of possible trends, one of these is the changing landscape surrounding Sunnova's supplier base for PV modules, inverters and energy storage.
Leading microinverter supplier Enphase Energy reported record full-year revenue and shipments in 2020, driven by an ongoing transformation in its contract manufacturing supply chain that will enable the company to supply between 16 million to 20 million microinverter units in 2021, should demand allow.
Enphase Energy has acquired another solar design outfit, taking on the Solar Design Services business of Noida, India based DIN Engineering Services LLP.
Enphase Energy exceeded its revenue guidance in the third quarter as microinverter shipments rebounded strongly on the back of a “significant” improvement in global demand.
The solar sector’s Q2 results season showed that, for the most part, the pandemic’s impact on deployment in the US was restricted to early in the quarter, helping many companies post better-than-expected performance in Q2. But as Liam Stoker suggests, COVID-19’s tail could be longer than anticipated.
