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Top related persons:
Badrinarayanan Kothandaraman - 1 Wells Fargo - 1 Enphase - 1 Medha Singh - 1 Mrinalika Roy - 1 Krishna Chandra - 1
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United States Texas Arizona Fremont , California U.S Bengaluru
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Enphase Energy - 1 SolarEdge Technologies - 1 Thomson - 1

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2 mentions found


☆ Enphase Energy slumps as lukewarm US demand weighs on revenue forecast
  + stars: | 2023-07-28 | by ( ) www.reuters.com   time to read: +2 min
July 28 (Reuters) - Shares of Enphase Energy (ENPH.O) slumped nearly 11% on Friday, after the solar inverter maker's third-quarter revenue target fell well short of analyst estimates due to weak demand. The Fremont, California-based company forecast revenue between $550 million and $600 million for the quarter ending Sept. 30, compared with analysts' estimate of $746.5 million. Therefore, we are taking aggressive and prudent actions in the U.S. to manage down the channel inventory," said Enphase Energy CEO Badrinarayanan Kothandaraman. Enphase also announced a new $1 billion share buyback plan, which failed to stem the share selloff. Reporting by Medha Singh and Mrinalika Roy in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.
Persons: Badrinarayanan Kothandaraman, Wells Fargo, Enphase, Medha Singh, Mrinalika Roy, Krishna Chandra Organizations: Enphase Energy, SolarEdge Technologies, Thomson Locations: United States, Texas, Arizona, Fremont , California, U.S, Bengaluru
☆ U.S. Treasury launches industry outreach on clean energy tax credits
  + stars: | 2022-10-26 | by ( David Lawder Nichola Groom | David Lawder | Nichola Groom | ) www.reuters.com   time to read: +3 min
U.S. Treasury Secretary Janet Yellen met with 17 industry groups representing more than 1,000 firms in the clean energy supply chain, more than 2,000 utilities and more than 1 million American workers, a Treasury official said. The Treasury guidance will tell companies how they can take advantage of clean energy tax credits in the Inflation Reduction Act. The incentives are crucial for companies seeking to invest in solar and wind power, electric vehicles, clean energy manufacturing, and energy efficiency. The act extends 30% tax credits for wind, solar, and other renewable energy sources, and offers incentives for carbon capture and tax credits of up to $7,500 on zero-emission electric vehicles. The roundtable follows Treasury's issuance of six notices requesting public comments on topics such as tax credits for wind, solar and nuclear power, incentives for energy-efficient homes and clean vehicle credits.
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