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ENPH-ENPHASE ENERGY INC

Enphase Energy Reports Strong Q4 2024 Results with 26.5% Revenue Growth Amid Rising Demand for Renewable Energy Solutions

Friday

21 February, 2025

Enphase Energy's latest earnings reveal a remarkable 26.5% revenue growth, driven by soaring demand for renewable solutions and innovative products like the IQ® Battery 5P™. As the company navigates a competitive landscape, can it sustain this momentum amidst evolving market challenges?

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Key Takeaways
  • Enphase Energy shows robust growth with a 26.5% rise in net revenues, totaling $382.7 million.
  • The company achieved a net income of $62.2 million and a 74.1% increase in adjusted earnings per share.
  • With $480 million in free cash flow, Enphase is poised for future growth and investments.
  • Their IQ® Battery 5P™ targets the expanding California market while also entering Southeast Asia.
  • Analysts forecast a 36.1% revenue increase for Q1 FY25, reinforcing Enphase's competitive edge.
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