SunPower’s distributed-generation services platform, as well as storage and digital solutions, will be key to its long-term growth, CEO Tom Werner said in an earnings call this week.
Despite the coronavirus pandemic, the photovoltaic inverter maker was able to significantly increase its turnover and sales compared to the previous year.
Despite a significant drop in turnover, the Israeli inverter maker was able to increase its net result in the third quarter of this year, in which it shipped around 1,415 MW of its products. In the first nine months of the year, the company’s revenue increased year-on-year from $1 billion to $1.1 billion.
It took a pandemic, but the U.S. residential solar and storage industry has finally figured out how to lower customer acquisition costs.
An improved quarter for Enphase was carried partially by the U.S. launch of the Encharge storage system, as well as impressive revenue improvements in the European market.
Strong net sales, 1.6 GW of bookings, plans for a 445 W panel, and environmental recognition for the Series 6 line point to another successful quarter.
Tesla’s solar and battery businesses show signs of life in another profitable quarter for the EV manufacturer.
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