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Posted by
Two Blokes Jul 23 -
Filed in
Stock
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Enphase Energy reported better-than-expected second quarter results, with both revenues and profitability coming in slightly ahead of consensus expectations. Adjusted for safe harbor revenues, sales increased by approximately 7% on a sequential basis, mostly due to higher battery shipments. However, Europe remains weak, and the company has yet to see an uptick in demand from upcoming tax credit expirations in the United States.
