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LAS VEGAS - Enphase Energy, Inc. (NASDAQ:ENPH), a profitable energy technology company with over $1.4 billion in annual revenue, announced Monday it has begun accepting U.S. pre-orders for its new IQ9N-3P Commercial Microinverter, the company’s first microinverter powered by gallium nitride (GaN) technology. According to InvestingPro analysis, the company maintains strong financial health with a current ratio of 1.97, indicating solid operational stability.
The new microinverter is designed for three-phase 480Y/277 V grid configurations without requiring external transformers. It features 97.5% efficiency and can support solar panels up to 600 W, with capability to deliver up to 427 VA of peak output power.
According to the press release, the product aims to simplify design complexity and reduce installation costs for 480 V commercial projects. The microinverter converts DC to AC at each panel, creating an all-AC architecture that eliminates high-voltage DC runs found in traditional string designs.
Aaron Gordon, senior vice president at Enphase Energy, stated the product "opens up the vast 480 V commercial market segment with a breakthrough design powered by gallium nitride."
The microinverter will be manufactured in U.S. facilities, potentially helping solar projects meet federal requirements for domestic content bonus tax credits and comply with Buy America Act provisions.
The IQ9N-3P Microinverter comes with a 25-year limited warranty, while the accompanying IQ Gateway Commercial Pro, which serves as the communication hub for the system, has a 15-year limited warranty.
Production shipments are expected to begin in December 2025. Enphase is showcasing the new products at the RE+ 2025 event taking place this week in Las Vegas.
In other recent news, Enphase Energy has started initial shipments of its IQ Battery 10C from U.S. manufacturing facilities, aiming to capitalize on federal tax credits through domestic content provisions. This battery system includes components that meet the current 45% U.S.-sourced materials threshold and anticipates future thresholds set for 2026 and 2027. Enphase Energy also announced that its products comply with the European Union’s new cybersecurity requirements, well ahead of the August 2025 deadline. In a related development, Jefferies upgraded Enphase Energy’s stock rating from Underperform to Hold, influenced by positive Treasury guidance for residential solar. This comes amid a broader recovery in the solar sector, partly driven by China’s efforts to combat deflation. Meanwhile, former President Donald Trump has reiterated his criticism of renewable energy, particularly focusing on solar and wind energy, claiming they lead to increased electricity costs. Despite this criticism, U.S. solar stocks have been buoyed by improving conditions in China’s solar sector.
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