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In France, our Q3 sell-through was down 34% compared to Q2
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2023 Q3
28 Dec 23
customers fear of an export penalty and confusion around ending of the net metering has caused the market pull back
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2023 Q3
28 Dec 23
In Netherlands, our largest European market, our Q3 sell-through was down 40% compared to Q2.
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2023 Q3
28 Dec 23
our 3 largest markets in Europe, the Netherlands, France and Germany
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2023 Q3
28 Dec 23
We also see a lot of distributors facing oversupply of solar equipment, particularly panels, leading to much more aggressive destocking.
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2023 Q3
28 Dec 23
We saw a much weaker demand recovery from summer.
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2023 Q3
28 Dec 23
Europe, and the situation has dramatically changed from the last quarter from 90 days ago
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2023 Q3
28 Dec 23
our differentiated technology with our distributed AC architecture
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2023 Q3
28 Dec 23
In California, the sell-through of our microinverters was 25% lesser in Q3 compared to Q2 due to the NEM 3.0 transition.
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2023 Q3
28 Dec 23
For non-California states, the sell-through of our microinverters was 4% lesser in Q3 compared to Q2.
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2023 Q3
28 Dec 23
For non-California states, the sell-through of our microinverters was 4% lesser in Q3 compared to Q2.
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2023 Q3
28 Dec 23
For non-California states, the sell-through of our microinverters was 4% lesser in Q3 compared to Q2.
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2023 Q3
28 Dec 23
For non-California states, the sell-through of our microinverters was 4% lesser in Q3 compared to Q2.
(No comment added)
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2023 Q3
28 Dec 23
For non-California states, the sell-through of our microinverters was 4% lesser in Q3 compared to Q2.
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2023 Q3
28 Dec 23
We aren't making any broad-based pricing changes at this time on microinverters, and we have already made the necessary changes on batteries before.
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2023 Q3
28 Dec 23
We are being conservative in our assumptions of no demand recovery until Q2
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2023 Q3
28 Dec 23
We have seen a substantial demand reduction in Europe. We've also seen the U.S. market continue to fall, driven by California.
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2023 Q3
28 Dec 23
We have seen a substantial demand reduction in Europe. We've also seen the U.S. market continue to fall, driven by California.
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2023 Q3
28 Dec 23
We are guiding revenue for Q4 in the range of $300 million to $350 million. This reflects approximately $150 million of channel inventory correction in the U.S. and Europe. In other words, we are undershipping to the end market demand for our products by approximately $150 million. We anticipate undershipment will continue in Q1 and expect our channel inventory to normalize in Q2.
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2023 Q3
28 Dec 23
Our revenue in Australia more than doubled year-on-year.
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2023 Q3
28 Dec 23