Enphase Energy Just Reported Some Sunny News
During 2019, Enphase Energy Inc. (NASDAQ: ENPH) worked to increase production capacity in an effort to keep up with demand for its solar-power system microinverters -- the product that converts energy in a solar panel. In July 2019, it planned to be able to supply 2 million microinverters for the fourth quarter. Last week, the company announced fourth-quarter results, including the shipment of approximately 2.1 million microinverters, more than double what was shipped in first quarter. Now the company -- which aims to supply full platform solutions for solar power generation, including storage and integration with the power grid -- says that demand for its products remains strong, and that it aims to continue 2019's sales trajectory.
Source Fool.com
