Enphase Energy Soars on U.S. Preorders for IQ9S Commercial Microinverter

Overview

• Enphase opened U.S. preorders for its GaN-based IQ9S-3P commercial microinverter, a 548 VA unit that supports panels up to 770 watts and connects directly to 480Y/277V three-phase systems.
• Shares jumped to a new 52-week high after a roughly 32% weekly gain as investors reacted to strong early interest in the higher-power device.
• Preorders double as a safe-harbor move under the federal Investment Tax Credit, letting buyers secure tax treatment before deadlines and speeding order intake.
• A reported safe-harbor agreement with a U.S. solar and battery financing firm is expected to generate about $52 million in IQ9 microinverter revenue across residential and commercial projects.
• A temporary pause in U.S.–China solar tariffs and upbeat sector results helped lift sentiment, even as Enphase guides Q2 revenue to $280 million–$310 million with about $85 million from storage and an expected $25 million undershipment.