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Enphase Energy Assists SunPower Customers with Monitoring and Service Solutions

1. Over 2,500 SunPower customers transitioned to Enphase monitoring post-bankruptcy. 2. Enphase offers various options like system upgrades and monitoring services. 3. The Enphase Monitoring Kit tracks energy in real-time through its app. 4. Enphase guarantees warranties for microinverters used in SunPower systems. 5. Compatibility with SunPower's SunVault battery is not yet available.

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FAQ

Why Bullish?

The transition of SunPower customers indicates increasing demand for Enphase's services, potentially leading to higher revenues. Historical patterns show share price increases during periods of customer acquisition from competitors.

How important is it?

This news directly affects Enphase's market position and customer base, indicating significant potential for growth.

Why Short Term?

The immediate transition of customers due to SunPower's bankruptcy is likely to have a quick impact, with observable results in quarterly earnings.

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SPWRSEDGFSLR
FREMONT, Calif., April 01, 2025 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, today announced that more than 2,500 SunPower customers have transitioned to Enphase monitoring since SunPower’s bankruptcy filing in August 2024. Several hundred thousand SunPower customers currently use its proprietary PV Supervisor communications gateway for monitoring. Many of these systems are built with Enphase microinverters. Enphase is offering various options for these homeowners ranging from system monitoring, service plans, and even full system upgrades. “At Enphase, we understand the uncertainty SunPower system owners are facing,” said Nitish Mathur, SVP of customer experience at Enphase Energy. “We’re fully committed to honoring warranties for our microinverters used in SunPower systems and ensuring a seamless transition to Enphase monitoring. Thousands of customers have already made the switch, and we’re moving quickly to support many more, helping them manage their systems with confidence and ease.” The Enphase® Monitoring Kit enables homeowners to track energy production and consumption in real time through the Enphase mobile app. The kit includes an IQ® Gateway device along with current transformers and can be commissioned by Enphase’s field service team in coordination with our installer partners. The hardware is covered by a five-year limited warranty. While the kit works seamlessly with most solar inverters, compatibility with certain third-party batteries such as SunPower SunVault is not yet available. Enphase is also offering SunPower customers its annual service plan solution, Enphase Care, as well as access to its Third-Party Upgrade Program to replace older string inverters and legacy SolarBridge microinverters with IQ Microinverter-based systems. For more information and resources regarding support for SunPower systems, please visit the Enphase support website. About Enphase Energy, Inc. Enphase Energy, a global energy technology company based in Fremont, CA, is the world's leading supplier of microinverter-based solar and battery systems that enable people to harness the sun to make, use, save, and sell their own power — and control it all with a smart mobile app. The company revolutionized the solar industry with its microinverter-based technology and builds all-in-one solar, battery, and software solutions. Enphase has shipped approximately 80.0 million microinverters, and approximately 4.7 million Enphase-based systems have been deployed in more than 160 countries. For more information, visit https://enphase.com/. ©2025 Enphase Energy, Inc. All rights reserved. Enphase Energy, Enphase, the “e” logo, IQ, and certain other marks listed at https://enphase.com/trademark-usage-guidelines are trademarks or service marks of Enphase Energy, Inc. in the U.S. and other countries. Other names are for informational purposes and may be trademarks of their respective owners. Forward-Looking Statements This press release may contain forward-looking statements, including statements related to the expected capabilities and performance of Enphase Energy’s technology and products, including safety, quality, and reliability; and Enphase Energy’s expectations regarding its Third Party Upgrade Program. These forward-looking statements are based on Enphase Energy’s current expectations and inherently involve significant risks and uncertainties. Actual results and the timing of events could differ materially from those contemplated by these forward-looking statements as a result of such risks and uncertainties including those risks described in more detail in Enphase Energy’s most recently filed Annual Report on Form 10-K and other documents filed by Enphase Energy from time to time with the SEC. Enphase Energy undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events, or changes in its expectations, except as required by law. Contact: Enphase Energy press@enphaseenergy.com This press release was published by a CLEAR® Verified individual.

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