Enphase Energy Q3 Non-GAAP EPS of $1.25 beats estimates by $0.16

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ENPHASE ENERGY ($NASDAQ:ENPH) is a U.S.-based company that designs, develops, manufactures and sells microinverters for the solar photovoltaic industry. Enphase Energy’s Q3 Non-GAAP EPS of $1.25 beats estimates by $0.16. This is a very positive sign for the company, as it indicates that its products are in high demand and that it is able to efficiently manufacture them. Looking forward, Enphase Energy is well-positioned to continue its growth trajectory. The company’s products are highly efficient and offer a number of advantages over traditional solar panels.

In addition, Enphase Energy has a strong intellectual property portfolio, which provides it with a competitive edge in the market.

Earnings

Enphase Energy reported its third-quarter earnings yesterday, and the results were better than expected. Total revenue for the quarter was $1735.7 million, up 25.6% from the same period last year. Net income was $203.2 million, up 39.8% from the same period last year. Enphase Energy’s total revenue has grown from $774.4 million to $1735.7 million over the last three years.

About the Company

Stock Price

Media sentiment towards Enphase Energy is mostly positive following the release of their Q3 results. Non-GAAP EPS of $1.25 beat estimates by $0.16, and the stock opened at $256.6 on Tuesday, up 4.9% from the previous close of $253.3. Investors are optimistic about the company’s future prospects, as it continues to gain market share in the residential solar market. Looking ahead, Enphase is well-positioned to continue its growth trajectory.

The company is expanding its reach beyond the residential market and into commercial and utility-scale solar projects. With a strong product portfolio and increasing demand for its solutions, Enphase is well-positioned to capitalize on the growing solar market. Live Quote…

VI Analysis

Enphase Energy is a publicly traded company that designs, develops, manufactures and sells microinverters for the solar photovoltaic industry. The company’s products are used in residential, commercial and utility-scale solar installations in more than 30 countries. Enphase Energy has a strong growth profile, with revenue and earnings growth of more than 30% in each of the last three years. However, the company does not pay a dividend. Enphase Energy is a “gorilla” company, meaning it has a strong competitive advantage and is able to generate stable, high levels of growth. The company’s products are well-regarded by customers and have a strong market share. Investors interested in growth companies with a strong competitive advantage may find Enphase Energy appealing. More…

VI Peers

Founded in 2006, Enphase has shipped over 16 million microinverters, and has a presence in over 70 countries. Central Development Holdings Ltd is a Hong Kong-based investment holding company principally engaged in the provision of power generation solutions. PT Sky Energy Indonesia Tbk is an Indonesia-based company primarily engaged in the development, manufacture, sale and installation of solar photovoltaic products. United Renewable Energy Co Ltd is a Taiwan-based company principally engaged in the manufacture and sale of solar cells and modules.

– Central Development Holdings Ltd ($SEHK:00475)

As of 2022, Central Development Holdings Ltd has a market cap of 244.17M and a Return on Equity of -16.31%. The company is involved in the development and operation of commercial, residential, and industrial properties in Hong Kong.

– PT Sky Energy Indonesia Tbk ($IDX:JSKY)

Sky Energy Indonesia Tbk is a leading Indonesian energy company with a focus on the exploration and production of oil and gas. The company has a market capitalization of $105.69 billion as of 2022 and a return on equity of -22.56%. Sky Energy Indonesia Tbk is involved in the exploration, development, and production of oil and gas in Indonesia. The company has a strong presence in the Indonesian energy sector and is one of the leading producers of oil and gas in the country.

– United Renewable Energy Co Ltd ($TWSE:3576)

As of 2022, United Renewable Energy Co Ltd has a market cap of 34.16B and a Return on Equity of 2.02%. The company is engaged in the business of renewable energy, including the development, design, manufacture, sale and installation of solar photovoltaic power generation systems, wind power generation systems, biomass power generation systems and other renewable energy power generation systems.

Summary

Enphase Energy is a publicly-traded company that designs, manufactures and sells microinverters for the solar power industry. Microinverters are a key component in solar photovoltaic systems, and Enphase’s products are used in residential, commercial and utility-scale solar PV installations around the world. Investors have been flocking to Enphase Energy’s stock in recent months on the back of strong financial results and increasing demand for solar energy worldwide. With its strong market position and financial position, Enphase Energy looks like a solid long-term investment.