Enphase Energy Begins Microinverter Shipments From Texas With Salcomp
Portfolio Pulse from Happy Mohamed
Enphase Energy, Inc. (NASDAQ:ENPH) has begun initial shipments of its Enphase IQ Microinverters produced in Arlington, Texas by global contract manufacturer Salcomp. This marks the use of a third contract manufacturer in the US for Enphase. The partnership is expected to bolster high-tech manufacturing in the US and scale clean energy solutions. Enphase plans to add battery storage products and commercial microinverters in 2024.
August 29, 2023 | 12:21 pm
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Enphase Energy's partnership with Salcomp for the production of its microinverters in the US could potentially boost its local market presence and scale its clean energy solutions.
The partnership with Salcomp allows Enphase to increase its production capacity and potentially improve its service to local customers. This could lead to increased sales and revenue, positively impacting its stock price in the short term.
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