suggesting interest rates will remain above 5% through Q2 2024 before slowly dropping to the 3.75% range by year-end 2025, the industry is still facing a high-rate environment with more possible adverse demand effects for multiple quarters ahead.
Imminent 3 Trillion Watershed Moment 300 Crypto Price Panic Could Be About To Blow Up Bitcoin Ethereum And XRP, after recording +25% QoQ growth in Q2. That’s a pretty swift QoQ decline in European revenues, which Enphase attributed to “as high rates and the shift to NEM 3.0 continued to impact US demand. Management said that in California, the “sell-through of our microinverters was 25% lesser in Q3 compared to Q2 due to the NEM 3.0 transition.
That raises some doubts about when microinverter shipments will bottom, as shipments are plummeting, falling sequentially from more than 5.1M in Q2 to just over 3.9M in Q3. Q4’s revenue guide suggests microinverter shipments could fall by ~1.5M QoQ to ~2.4M, or the lowest level since Q2 2021.falling sequentially from more than 5.1M in Q2 to just over 3.9M in Q3. Q4’s revenue guide suggests microinverter shipments could fall by ~1.5M QoQ to ~2.4M, or the lowest level since Q2 2021.
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Source: MarketWatch - 🏆 3. / 97 Read more »
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