In today’s briefing:
- Enphase Energy: The GreenCom Networks Acquisition & Other Drivers
- Sunrun Inc: New Level 2 EV Charger & Other Drivers
Enphase Energy: The GreenCom Networks Acquisition & Other Drivers
- Enphase had a good quarter and managed to exceed Wall Street expectations on all counts.
- Its total revenue for the second quarter was $530.2 million, an increase of 20% from the previous quarter.
- In the third quarter, they supplied microinverters rated at about 1,213 megawatts DC and actuators rated at 132.4-megawatt hours.
Sunrun Inc: New Level 2 EV Charger & Other Drivers
- Sunrun delivered a solid result, surpassing Wall Street expectations on all counts.
- The company exceeded its volume projection and had almost 34,400 additional customers in the second quarter, including over 25,000 new subscribers.
- Sunrun’s subscriber additions increased from almost 72% in Q1 to nearly 74% of its overall customer additions for the time period.
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