Description
Enphase Energy’s Meter Collar Win: A Game-Changing Catalyst for Adoption and Scale!
Enphase Energy reported its fourth-quarter 2025 financial results, presenting a mixed bag of performance indicators amidst a challenging business environment. The company achieved a quarterly revenue of $343.3 million, showing a robust capability to sustain operations despite the expiration of certain tax credits impacting U.S. sales. However, there was a noted decline in U.S. revenue by approximately 13% from the third quarter due to reduced safe harbor revenue, a scenario where purchases occur ahead of tax credit deadlines. Additionally, Enphase saw a concerning 29% drop in European revenue, indicating significant market challenges. A partial offset came from strong demand for microinverters and batteries as Enphase shipped 1.55 million microinverters and 150 megawatt-hours of batteries during the quarter. These figures were marginally aided by safe harbor revenues, albeit reduced compared to previous quarters, indicating some resilience in demand despite changes in fiscal incentives.
