Enphase Energy posts $7.4 million first-quarter net loss after tax credit expiration
Updated
Updated · MarketWatch · Apr 28
Enphase Energy posts $7.4 million first-quarter net loss after tax credit expiration
2 articles · Updated · MarketWatch · Apr 28
Revenue fell to $282.9 million, down from $356.1 million a year earlier, as the federal solar tax credit for homeowners expired at the end of 2025.
Adjusted earnings reached 47 cents per share, surpassing analyst forecasts, while the company shipped 1.39 million microinverters from Texas and South Carolina facilities.
Enphase is developing a 1.25 MW solid-state transformer for AI data centers and expects second-quarter revenue between $280 million and $310 million, following earlier workforce reductions due to declining residential solar demand.
Can Enphase's pivot to AI data centers save it from the residential solar collapse?
Are we trading home solar growth for the massive energy demands of data centers?
With federal tax credits gone, is rooftop solar no longer affordable for homeowners?
How will the solar industry innovate and survive without relying on government subsidies?
Are third-party ownership models the new standard for going solar in America?
Will solid-state transformers become the key to powering the AI industry's energy needs?