Enphase Energy Expects To Have The Capability To Manufacture IQ Batteries In US In Q3 2024 - Conf. Call
Portfolio Pulse from Benzinga Newsdesk
Enphase Energy announced during a conference call that it anticipates having the capability to manufacture IQ batteries in the US by the third quarter of 2024.
February 06, 2024 | 9:41 pm
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Enphase Energy's announcement about its capability to manufacture IQ batteries in the US by Q3 2024 indicates a significant step towards expanding its product manufacturing base domestically.
Manufacturing IQ batteries in the US could potentially reduce costs, improve supply chain efficiency, and appeal to a growing market of consumers interested in sustainable energy solutions. This move is likely to be viewed positively by investors, as it demonstrates Enphase Energy's commitment to expanding its operational capabilities and could lead to increased market share and revenues.
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