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, giving consumers increased opportunities for energy independence.
Product InnovationEnphase Energy is on track to launch its fourth-generation battery, which will help the company more effectively compete with Tesla in backup batteries, potentially leading to share gains.
Revenue GrowthEnphase is charging a higher average selling price for domestic SKU microinverters to offset the additional cost of making inverters in the US, which could drive revenue growth.