Latest news with #BadrinarayananKothandaraman
Wall Street Journal
4 days ago
- Business
- Wall Street Journal
Residential Solar Industry Looks to Cut Costs as End to Tax Credits Looms
With President Trump's tax law putting an early end to solar tax credits, the residential solar industry is now looking to lower prices, particularly by cutting sky-high sales and marketing costs, according to companies and analysts. 'The industry must drive down customer-acquisition and selling costs to remain competitive in a maturing market,' Enphase Chief Executive Badrinarayanan Kothandaraman said on an earnings call in July. The solar manufacturer said it would double down on SolarLead Factory, a lead-generation business it bought in 2022, and Solargraf, a design platform used in solar sales it bought in 2021, to streamline customer acquisition costs.
Yahoo
05-05-2025
- Business
- Yahoo
Insider Activity Picks Up at Tesla, Enphase, Morgan Stanley and Other Major Firms
May 5 - Corporate insiders across several major U.S. firms disclosed notable share transactions during the final days of April, according to regulatory filings submitted between April 28 and May 2. Tesla (NASDAQ:TSLA) board member Joseph Gebbia purchased 4,000 shares of the EV maker at an average price of $256.31, totaling about $1.03 million. Warning! GuruFocus has detected 3 Warning Sign with PNC. At Enphase Energy (NASDAQ:ENPH), President and CEO Badrinarayanan Kothandaraman acquired 4,000 shares valued at $185,390, boosting his direct ownership to roughly 1.6 million shares. In the healthcare sector, Bristol-Myers Squibb (NYSE:BMY) Executive Vice President and Chief Medical Officer Samit Hirawat bought 4,250 shares for approximately $202,215. Southwest Airlines (NYSE:LUV) saw two directors make fresh investments. David Hess bought 7,500 shares for nearly $199,000, while Gregg Saretsky picked up 3,670 shares worth over $100,000. PNC Financial Services (NYSE:PNC) Director Martin Pfinsgraff acquired 1,000 shares at $158.22 each, bringing his total to just over 2,000 shares. Morgan Stanley (NYSE:MS) Co-President Andrew Saperstein sold 40,000 shares for a total of $4.8 million. Meanwhile, several executives opted to trim positions. Citigroup (NYSE:C) Director John Dugan sold 4,417 shares for $301,493. These transactions offer a window into insider sentiment as executives adjust their holdings amid shifting market and company dynamics. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
23-04-2025
- Business
- Yahoo
Enphase Energy Inc (ENPH) Q1 2025 Earnings Call Highlights: Strong Revenue Amid Tariff Challenges
Revenue: $356.1 million for Q1 2025, including $54 million of Safe Harbor revenue. Gross Margin: 49% on a non-GAAP basis, 47.2% on a GAAP basis for Q1 2025. Operating Expenses: 22% of revenue on a non-GAAP basis for Q1 2025. Operating Income: 27% of revenue on a non-GAAP basis for Q1 2025. Net Income: $89.2 million non-GAAP, $29.7 million GAAP for Q1 2025. Earnings Per Share (EPS): $0.68 non-GAAP, $0.22 GAAP for Q1 2025. Free Cash Flow: $33.8 million for Q1 2025. Cash and Equivalents: $1.53 billion at the end of Q1 2025. Microinverters Shipped: Approximately 1.53 million units in Q1 2025. Batteries Shipped: 170.1 megawatt hours in Q1 2025. Q2 2025 Revenue Guidance: $340 million to $380 million. Q2 2025 Gross Margin Guidance: 42% to 45% GAAP, 44% to 47% non-GAAP. Warning! GuruFocus has detected 7 Warning Signs with ENPH. Release Date: April 22, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Enphase Energy Inc (NASDAQ:ENPH) reported a strong quarterly revenue of $356.1 million, shipping approximately 1.53 million microinverters and 170.1 megawatt hours of batteries. The company achieved a 49% gross margin and generated free cash flow of $33.8 million in Q1 2025. Enphase Energy Inc (NASDAQ:ENPH) is expanding its product offerings, including the launch of the fourth-generation IQ battery and the IQ9 microinverter, which are expected to drive future growth. The company is actively diversifying its supply chain to mitigate the impact of tariffs, with plans to source battery cells from outside China by Q2 2026. Enphase Energy Inc (NASDAQ:ENPH) is seeing growth in international markets, particularly in Europe, with new product introductions like the Flex phase battery and IQ EV charger. Enphase Energy Inc (NASDAQ:ENPH) faces challenges from newly announced tariffs on products from China, which are expected to impact gross margins by 6% to 8% starting in Q3 2025. The US solar market is under pressure due to high interest rates and financial challenges faced by large national lease providers, impacting customer demand. The company's Q2 2025 revenue guidance is lower than Q1, with expected revenue between $340 million to $380 million, indicating potential demand softness. Enphase Energy Inc (NASDAQ:ENPH) reported a decrease in US revenue by 13% in Q1 compared to Q4, primarily due to seasonality and softening customer demand. The company is experiencing elevated microinverter channel inventory, which could indicate slower sell-through and potential future inventory management challenges. Q: The Q2 guidance includes a 2% gross margin headwind from tariffs, potentially increasing to 6-8% in Q3. Why is Enphase absorbing some of these costs instead of passing them entirely to customers? A: Badrinarayanan Kothandaraman, President and CEO, explained that while the tariffs impact battery costs, Enphase's diversified supply chain minimizes the effect on microinverters. The company plans to absorb most of the tariff impact, expecting to recover within two to three quarters by qualifying cell sources outside China. This strategic decision aims to maintain competitive pricing and customer relationships. Q: Is the Q2 guidance accounting for any worsening demand trends due to IRA uncertainty or financial challenges faced by large national lease providers? A: Badrinarayanan Kothandaraman noted that the guidance reflects current bookings, which are healthy at 80%. While financial challenges of a large lease provider affected Q1 sell-through, Enphase expects demand to improve as installers find alternative financiers. The company is also optimistic about the seasonal demand increase in Q2. Q: Can you discuss the expected revenue cadence for Q3 and Q4, and any potential growth drivers? A: Badrinarayanan Kothandaraman highlighted several growth vectors, including the ramp-up of the fourth-generation battery system and the introduction of IQ9 microinverters in Q4. In Europe, new products like the Flex phase battery and IQ EV charger are gaining traction. Despite policy uncertainties, Enphase is focusing on product innovation to drive growth. Q: How will the tariffs impact battery storage margins, and what is the timeline for returning to pre-tariff margin levels? A: Badrinarayanan Kothandaraman stated that the tariff impact on battery storage margins will be significant in the short term, but Enphase plans to mitigate this by sourcing cells outside China. The company expects the gross margin impact to improve each quarter, with a return to normalcy by Q2 2026. Q: How is Enphase addressing potential logistics disruptions, particularly in shipping components from Asia? A: Badrinarayanan Kothandaraman assured that Enphase's supply chain is well-diversified, with 85% of microinverters manufactured in the US. The company has established a robust logistics stream for raw materials, minimizing potential disruptions. Enphase is also increasing domestic battery production to further mitigate risks. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Associated Press
11-02-2025
- Business
- Associated Press
Final Deadline (ENPH): Kessler Topaz Meltzer & Check, LLP Reminds Investors of Lead Plaintiff Deadline in Securities Fraud Class Action Lawsuit Filed Against Enphase Energy, Inc. (ENPH)
NEWMEDIAWIRE) - The law firm of Kessler Topaz Meltzer & Check, LLP informs investors that the firm has filed a securities fraud class action lawsuit against Enphase Energy, Inc. ( NASDAQ: ENPH) ('Enphase' or the 'Company') on behalf of all persons and entities who purchased or otherwise acquired Enphase common stock between April 25, 2023, and October 22, 2024, inclusive (the 'Class Period'). This action, captioned The Trustees of the Welfare and Pension Funds of Local 464A - Pension Fund v. Enphase Energy, Inc., et al., Case No. 3:24-cv-09038, was filed in the United States District Court for the Northern District of California. Important Deadline Reminder: Investors who purchased or otherwise acquired Enphase common stock during the Class Period may, no later than February 11, 2025, move the Court to serve as lead plaintiff for the class. CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP: You can also contact attorney Jonathan Naji, Esq. of Kessler Topaz by calling (484) 270-1453 or by email at [email protected]. DEFENDANTS' MISCONDUCT Enphase develops, manufactures, and sells solar microinverters, which are primarily used in residential solar installations to convert solar panel output from direct current to alternating current (which can be transmitted to the power grid). As is relevant here, Enphase's international revenue has been growing in recent years as the Company expands globally, particularly in Europe, with international revenue accounting for more than 35% of the Company's total revenue in 2023. Prior to the beginning of the Class Period, Chinese solar companies were significantly disrupting the European solar inverter market by selling or 'dumping' their products at extremely low prices, a fact highlighted by Morgan Stanley Research on April 24, 2023, when it reported that Chinese inverter export value increased 156% year-over-year internationally, with the Netherlands and Germany—two of Enphase's key markets in Europe—showing year-over-year surges of 342% and 330%, respectively. The Class Period begins on April 25, 2023, when the Company announced its first quarter 2023 financial results. Among other things, Enphase reported an approximately 25% year-over-year increase in European revenue. During the accompanying quarterly investor earnings call held that same day, Defendant Badrinarayanan Kothandaraman, the Company's President and Chief Executive Officer, touted that Enphase's 'European business is growing rapidly,' with 'sell-through of our microinverters in Europe reach[ing] an all time high' in the quarter. When asked specifically about competition in Europe from Chinese manufacturers and the risk of margin erosion caused by price deflation from those competitors, Defendant Raghuveer Belur, a Company co-founder and the Company's Senior Vice President and Chief Products Officer, dismissed such concerns, stating that '[c]ompetition is strong everywhere' and is 'nothing new [in Europe],' while Defendant Kothandaraman claimed that Enphase does not 'see any drop in [it's] pricing.' Investors began to learn the truth about Enphase's competitive challenges in Europe after the market closed on October 26, 2023, when the Company reported an approximately 34% quarter-over-quarter decline in European revenue in the third quarter of 2023 due to 'softening in demand.' During the accompanying quarterly investor earnings call held that same day, Defendant Kothandaraman was adamant that the Company would not adjust its pricing strategies, despite countervailing competitive market forces, emphasizing that 'there's no broad-based pricing adjustment from us.' In response to the decline in European revenue and Defendant Kothandaraman's unwillingness to consider pricing adjustments, analysts at BofA Securities reiterated their underperform rating on the stock and criticized the Company for refusing to cut prices to pursue market share, as 'competitive risks' endured in Europe. On this news, the price of Enphase common stock declined $14.09 per share, or nearly 15%, from a close of $96.18 per share on October 26, 2023, to close at $82.09 per share on October 27, 2023. Throughout the remainder of the Class Period, Defendants continued to downplay the competitive threats in the European solar inverter market and reassured investors that Enphase's European pricing strategy was sound. Investors fully learned the truth about Enphase's competitive positioning in Europe after the market closed on October 22, 2024, when the Company announced its third quarter 2024 financial results and revealed an approximately 15% quarter-over-quarter decline in European revenue due to 'further softening in European demand.' During the accompanying quarterly investor earnings call held that same day, Defendant Kothandaraman was again asked whether, in light of the Company's weakness in Europe, Enphase would alter its pricing strategy. While he acknowledged that the Company had occasionally made customer-specific price concessions, Defendant Kothandaraman reiterated that 'we are not dropping pricing anywhere,' despite prevailing competitive headwinds. In response to Enphase's continued poor performance in Europe, Guggenheim downgraded Enphase stock to a sell rating from a neutral rating and explained that Enphase is 'losing share to Chinese competitors who are willing to sell at less than half [Enphase]'s level.' On this news, the price of Enphase common stock declined $13.76 per share, or nearly 15%, from a close of $92.23 per share on October 22, 2024, to close at $78.47 per share on October 23, 2024. WHAT CAN I DO? Enphase investors may, no later than February 11, 2025, move the Court to serve as lead plaintiff for the class, through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. Kessler Topaz Meltzer & Check, LLP encourages Enphase investors who have suffered significant losses to contact the firm directly to acquire more information. WHO CAN BE A LEAD PLAINTIFF? A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country and around the world. The firm has developed a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate misconduct. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by businesses and fiduciaries. Kessler Topaz Meltzer & Check, LLP Jonathan Naji, Esq. 280 King of Prussia Road Radnor, PA 19087 May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes.
Associated Press
09-02-2025
- Business
- Associated Press
Deadline in 2 Days: Kessler Topaz Meltzer & Check, LLP Reminds Investors of Deadline in Class Action Lawsuit Against Enphase Energy, Inc. (ENPH)
NEWMEDIAWIRE) - The law firm of Kessler Topaz Meltzer & Check, LLP informs investors that the firm has filed a securities fraud class action lawsuit against Enphase Energy, Inc. ( NASDAQ: ENPH) ('Enphase' or the 'Company') on behalf of all persons and entities who purchased or otherwise acquired Enphase common stock between April 25, 2023, and October 22, 2024, inclusive (the 'Class Period'). This action, captioned The Trustees of the Welfare and Pension Funds of Local 464A - Pension Fund v. Enphase Energy, Inc., et al., Case No. 3:24-cv-09038, was filed in the United States District Court for the Northern District of California. Important Deadline Reminder: Investors who purchased or otherwise acquired Enphase common stock during the Class Period may, no later than February 11, 2025, move the Court to serve as lead plaintiff for the class. CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP: You can also contact attorney Jonathan Naji, Esq. of Kessler Topaz by calling (484) 270-1453 or by email at [email protected]. DEFENDANTS' MISCONDUCT Enphase develops, manufactures, and sells solar microinverters, which are primarily used in residential solar installations to convert solar panel output from direct current to alternating current (which can be transmitted to the power grid). As is relevant here, Enphase's international revenue has been growing in recent years as the Company expands globally, particularly in Europe, with international revenue accounting for more than 35% of the Company's total revenue in 2023. Prior to the beginning of the Class Period, Chinese solar companies were significantly disrupting the European solar inverter market by selling or 'dumping' their products at extremely low prices, a fact highlighted by Morgan Stanley Research on April 24, 2023, when it reported that Chinese inverter export value increased 156% year-over-year internationally, with the Netherlands and Germany—two of Enphase's key markets in Europe—showing year-over-year surges of 342% and 330%, respectively. The Class Period begins on April 25, 2023, when the Company announced its first quarter 2023 financial results. Among other things, Enphase reported an approximately 25% year-over-year increase in European revenue. During the accompanying quarterly investor earnings call held that same day, Defendant Badrinarayanan Kothandaraman, the Company's President and Chief Executive Officer, touted that Enphase's 'European business is growing rapidly,' with 'sell-through of our microinverters in Europe reach[ing] an all time high' in the quarter. When asked specifically about competition in Europe from Chinese manufacturers and the risk of margin erosion caused by price deflation from those competitors, Defendant Raghuveer Belur, a Company co-founder and the Company's Senior Vice President and Chief Products Officer, dismissed such concerns, stating that '[c]ompetition is strong everywhere' and is 'nothing new [in Europe],' while Defendant Kothandaraman claimed that Enphase does not 'see any drop in [it's] pricing.' Investors began to learn the truth about Enphase's competitive challenges in Europe after the market closed on October 26, 2023, when the Company reported an approximately 34% quarter-over-quarter decline in European revenue in the third quarter of 2023 due to 'softening in demand.' During the accompanying quarterly investor earnings call held that same day, Defendant Kothandaraman was adamant that the Company would not adjust its pricing strategies, despite countervailing competitive market forces, emphasizing that 'there's no broad-based pricing adjustment from us.' In response to the decline in European revenue and Defendant Kothandaraman's unwillingness to consider pricing adjustments, analysts at BofA Securities reiterated their underperform rating on the stock and criticized the Company for refusing to cut prices to pursue market share, as 'competitive risks' endured in Europe. On this news, the price of Enphase common stock declined $14.09 per share, or nearly 15%, from a close of $96.18 per share on October 26, 2023, to close at $82.09 per share on October 27, 2023. Throughout the remainder of the Class Period, Defendants continued to downplay the competitive threats in the European solar inverter market and reassured investors that Enphase's European pricing strategy was sound. Investors fully learned the truth about Enphase's competitive positioning in Europe after the market closed on October 22, 2024, when the Company announced its third quarter 2024 financial results and revealed an approximately 15% quarter-over-quarter decline in European revenue due to 'further softening in European demand.' During the accompanying quarterly investor earnings call held that same day, Defendant Kothandaraman was again asked whether, in light of the Company's weakness in Europe, Enphase would alter its pricing strategy. While he acknowledged that the Company had occasionally made customer-specific price concessions, Defendant Kothandaraman reiterated that 'we are not dropping pricing anywhere,' despite prevailing competitive headwinds. In response to Enphase's continued poor performance in Europe, Guggenheim downgraded Enphase stock to a sell rating from a neutral rating and explained that Enphase is 'losing share to Chinese competitors who are willing to sell at less than half [Enphase]'s level.' On this news, the price of Enphase common stock declined $13.76 per share, or nearly 15%, from a close of $92.23 per share on October 22, 2024, to close at $78.47 per share on October 23, 2024. WHAT CAN I DO? Enphase investors may, no later than February 11, 2025, move the Court to serve as lead plaintiff for the class, through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. Kessler Topaz Meltzer & Check, LLP encourages Enphase investors who have suffered significant losses to contact the firm directly to acquire more information. WHO CAN BE A LEAD PLAINTIFF? A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country and around the world. The firm has developed a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate misconduct. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by businesses and fiduciaries. Kessler Topaz Meltzer & Check, LLP Jonathan Naji, Esq. 280 King of Prussia Road Radnor, PA 19087 May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes.
