Enphase Energy: Great Expectations

Feb. 14, 2019 9:46 AM ETEnphase Energy, Inc. (ENPH)ABB, BLK, GNRC, RUN, SEDG, SMTGF, SPWR, TTE, TSLA, VSLR74 Comments
TJ Roberts profile picture
TJ Roberts


  • BlackRock stands behind Enphase.
  • Potential industry-leading, high-performance CCC for Q4.
  • Distributors see IQ market share increase.
  • IQ7 generates more revenue.
  • IQ8 burst mode like no other inverter on the market.

In all the years of following Enphase Energy (NASDAQ:ENPH), their upcoming earnings call should be one of the most exciting, especially considering recent events. Many loyalists are eagerly anticipating news of Enphase’s 8th-generation “IQ8 Ensemble.” This revolutionary new product suite will give solar systems “battery-less” microgrid capability and true grid-agnostic, energy freedom; it will further provide the impetus to upgrade for millions of customers whose aging solar PV systems do not have that capability.

Enphase’s latest product roadmap suggests management may be adhering to a tick-tock strategy so as not to Osborne their high-volume, affordable, and best revenue-generating Heron-3 platform which the entire IQ7 product portfolio is built on. With Enphase’s latest IQ7A microinverter, their product portfolio will now cover the entire panel spectrum - low- (IQ7), mid- (IQ7+), and high-end (IQ7X, IQ7A); this will give feature-rich IQ8 a premium entry point, allowing Enphase to achieve even greater revenue from this new product.

The Enphase IQ7 product portfolio, recently awarded top brand in Europe and endorsed by FEMA, will become the high-volume microinverters for 2019 and have the lowest incremental production-cost the company has ever had. Finally, the best news going into the call is Enphase’s retiring of the last albatross left from previous management, the Tennenbaum $50M “Term Loan.” Let’s discuss further some of the latest insights on Enphase Energy, and the great expectations shareholders have for them in the near future.

Enphase Energy Leader in Solar Distributed Generation

• Current share price reflects shareholder confidence…

The Enphase share price rose considerably on news of the $50M Tennenbaum loan repayment. Enphase followers since the days of the former management know that the “Term Loan” (p.18) was truly one of the last white elephants left for the new management to deal with, and the repayment news hit at a perfect time just before this

This article was written by

TJ Roberts profile picture
I've written research articles on Enphase Energy (ENPH), Alpha & Omega Semiconductor (AOSL), Profound Medical (PROF), Enovix (ENVX), Katapult (KPLT) and Amprius (AMPX).  Enphase has been by far my most successful endeavor, and their energy systems are the best in terms of reliability, safety, performance and longevity.  My articles on Amprius and Enovix spotlight an incredibly bright future for these battery companies that could offer a huge return for investors.  My article on Lease-to-Own company, Katapult (KPLT), discusses a beat-down company that is starting to show signs of life with 2023 being their pivotal year.  Please enjoy my articles, and as always, do your own due diligence.  Good luck!

Disclosure: I am/we are long ENPH. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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