Enphase IQ Meter Collar Approved by 80 Utilities, Unlocking 38M+ Customers
ENPH sits 37% above its 52-week low of $25.775.
Summary
Enphase's IQ Meter Collar has been approved by 80 utilities serving over 38 million customers across the U.S. and Canada, including California's three investor-owned utilities and SMUD. Hawaiian Electric has approved pilots with full approval expected. This expands the addressable market for Enphase's whole-home backup and battery storage systems, particularly in California where policy-driven storage demand is strong. The approval simplifies installation, potentially lowering costs and increasing installer throughput. This follows Enphase's recent product launches including the IQ9N microinverters and IQ Battery C80, reinforcing its ecosystem strategy.
At the time of this announcement, ENPH was trading at $35.22 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $4.6B. The 52-week trading range was $25.78 to $73.74. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.