Overview
- Enphase, which opened U.S. preorders Thursday for its GaN‑based IQ9S‑3P, is promoting them as a way for commercial customers to safe harbor equipment before the 30% Investment Tax Credit deadline on July 4.
- The IQ9S‑3P is Enphase’s highest‑power microinverter, built for 600–770W panels with 97.5% CEC efficiency, 548 VA continuous output, and direct tie‑in to 480Y/277V three‑phase systems using gallium nitride for cooler, high‑performance operation.
- The company was reported to have signed a safe‑harbor agreement with a U.S. solar and battery financing firm that is expected to produce about $52 million in IQ9 revenue across residential and commercial projects.
- Shares reached a 52‑week high of $52.95 on Thursday and rose about 32% over the week, helped by the preorder push, a temporary pause in U.S.–China reciprocal solar tariffs, and investor interest in Enphase’s potential data‑center power products.
- Recent results showed a $7.4 million Q1 net loss on $282.9 million in revenue, and guidance for Q2 calls for $280–$310 million in revenue with an intentional $25 million under‑shipment to help clear dealer inventory.