Financial PerformanceExpecting gross margins to grow to approximately 60% due to IQ9 and next-generation battery improvements, indicating strong potential for increased profitability.
Market ExpansionEnphase Energy announced that it is initiating sales to customers in India of its new IQ Battery 5P, paired with the IQ System Controller and IQ7/8 Microinverters, which could transform the Indian residential/commercial market into a battery market over time.
Product InnovationEnphase is on track to launch its fourth-generation battery, which will help the company more effectively compete with TSLA in backup batteries, potentially leading to share gains.