"I'm extremely pleased with our continued progress and momentum," CEO
Despite the jump in sales, the company recorded a net loss of
The company makes microinverter systems that monitor solar installations, making them more productive and easier to manage. It shipped 132 megawatts worth of microinverter systems, a jump of 54 percent from a year earlier. About 85 percent of the company's sales occur in the U.S., predominantly in the residential market.
"In the second quarter, we saw explosive growth in the solar market," said CFO
Enphase stock, which closed Tuesday at
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