Enphase Energy, Inc.

Enphase Energy entered a Tax Credit Transfer Agreement on June 15, 2026, with a leading financial institution. The company will sell up to $150 million in advanced manufacturing production tax credits, generated from eligible US component production in 2026, for a purchase price not exceeding $139.5 million. Payments will be made in four installments during 2026 and 2027, subject to customary conditions.

Enphase Energy, Inc. announced the start of production shipments for its IQ9S-3P Commercial Microinverter, the company's most powerful microinverter available in the U.S. Built with advanced gallium nitride (GaN) technology, it supports high-wattage solar panels up to 770 W and connects directly to three-phase 480Y/277 V grids. The product delivers up to 548 VA of continuous output power with a 97.5% CEC weighted efficiency and is manufactured in U.S. facilities, potentially qualifying for domestic content bonus tax credits. Safe harbor orders are open until July 4, 2026, to secure federal tax credit eligibility, and the microinverter comes with an industry-leading 25-year limited warranty.

Enphase Energy announced it will showcase a range of current and new products for the European market at The smarter E Europe in Munich, Germany. Key highlights include the IQ Battery G5, offering 1.9x energy density and a 15-year warranty, and the IQ9N Microinverter with 97.4% EU efficiency. The company is also introducing the IQ Bidirectional EV Charger for home backup and grid services, alongside the IQ EV Charger 2 and AI-powered IQ Energy Management system. These innovations aim to enhance solar, storage, and EV charging solutions for European homeowners, with several products available now or in early 2027.

Enphase Energy, Inc. announced that its Board of Directors increased its size to eight directors and appointed Shanker Trivedi to fill the newly created vacancy in Class I, effective June 11, 2026. Mr. Trivedi was also appointed to serve on the Audit Committee. He brings over 30 years of leadership experience in enterprise technology, data centers, and cloud infrastructure, including a decade at NVIDIA Corporation. In connection with his appointment, Mr. Trivedi received a restricted stock unit award valued at approximately $250,000, vesting in four equal installments through May 2027.

Enphase Energy launched its new IQ9N™ Microinverter for residential solar in key European markets, featuring gallium nitride (GaN) technology. The microinverter boasts an industry-leading 97.44% EU weighted efficiency and a 25-year warranty, supporting high-power solar panels with 427 VA continuous output. Shipments began on June 5, 2026, across nine European countries, with plans for global expansion. The product is designed for enhanced energy production, reliability, and compatibility with existing Enphase systems.

Enphase Energy, Inc. published a technical white paper detailing its adoption of Gallium Nitride Bi-Directional Switch (GaN BDS) technology. This technology is expected to enhance Enphase's next-generation distributed power electronics, offering higher efficiency, increased power density, and broader AC operating voltage capabilities. GaN BDS is already integrated into the IQ9™ Series Microinverters and is planned for future products including battery systems, EV chargers, and AI data center power systems, promising significant system-level benefits and cost advantages.

Enphase Energy, Inc. announced the launch of its PowerMatch™ technology for IQ® Battery 10C™ systems in the United States and Puerto Rico, and for IQ® Battery 5P™ systems across North America and parts of Central America and the Caribbean. This technology intelligently adjusts battery operation to match a home's real-time power needs, leading to more usable energy, improved efficiency, and long-term savings. Enphase testing indicates PowerMatch can reduce energy losses by up to 1 kWh per day, potentially saving homeowners up to $2,000 over the battery's lifespan.

Enphase Energy, Inc. held its 2026 Annual Meeting of Stockholders on May 13, 2026. Stockholders approved an amendment to the 2021 Equity Incentive Plan, increasing the number of shares reserved for issuance by 2,000,000. Jamie Haenggi, Benjamin Kortlang, and Richard Mora were elected as directors, though Mr. Kortlang did not receive a majority of votes cast, prompting a review by the Nominating and Corporate Governance Committee. Additionally, stockholders approved the advisory vote on executive compensation and ratified Deloitte & Touche LLP as the independent registered public accounting firm for 2026.

Enphase Energy, Inc. has published a technical white paper titled "IQ Solid-State Transformer: Intelligent Power for AI," detailing its IQ SST architecture for AI data centers. The paper explains the distributed approach using 342 smaller power modules to convert medium-voltage AC to regulated DC power, addressing the industry's shift to higher-voltage DC architectures. Key differentiators include single-stage power conversion, fast response to dynamic AI loads, high system availability, and scalable manufacturing, leveraging technologies like GaN-based switching and a custom control ASIC.

Enphase Energy reported a net loss of $(7.4) million for Q1 2026, a significant decline from a net income of $29.7 million in Q1 2025, with revenues decreasing to $282.9 million from $356.1 million year-over-year. The company also settled its $632.5 million aggregate principal amount of Notes due 2026, leading to a substantial reduction in current debt. Operating income shifted to a loss of $(29.6) million, compared to an income of $31.9 million in the prior year, reflecting challenging market conditions.