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38 !!!!!!!!!!! wow...looks like opens at 10 tomorrow and hist 3 bucks
Its' over here
what a DUMP !!!!!!! wow...all gains or last 2 months gone in day - monster volume..
This should be against the law. No proof or anything. They tried the same thing with EHTH a couple months ago and shorts got burned as they covered in the $90's and it ran back to $120s.
ENPH Taken a nap here the last 5 days but it will come Back
ENPH that's always health.Took a few off last week
ENPH LMAO a little Late trying to get to the party!!!!!! In from $4.5 Weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
Enph reports that they rely heavily on outside US contract manufactures. Company looks to be growing and lots of positives but I would worry that heavy reliance on foreign manufacturing is an issue. Anybody have an idea where the microinverter is made?
Be glad when virus is over and economy gets back to a solid footing so we can watch this rise and hold gains.
ENPH Enphase Energy Chosen by Flywheel Development for Commercial Solar Projects
8:00 am ET May 14, 2020 (Globe Newswire) Print
Enphase Energy, Inc. (NASDAQ:ENPH), a global energy technology company and the world's leading supplier of solar microinverters, today announced that Flywheel Development LLC has selected Enphase microinverters as the inverter technology of record for its portfolio of commercial solar projects. Based in Washington D.C., Flywheel Development is a leading sustainable development company active in real estate, sustainable design, solar development, and stormwater management infrastructure, with a focus on high-performance, net-zero buildings.
Flywheel has standardized its portfolio of commercial and multi-unit dwelling solar projects on Enphase microinverters due to their high degree of design flexibility. Among the Flywheel solar project portfolio in the greater D.C. area is Nicholas Landing, a newly constructed, nine-unit housing development owned by the Housing Commission of Talbot County, Maryland, and funded in part by the Maryland Department of Housing and Community Development. Nicholas Landing complements the architectural style of the surrounding structures and therefore required Flywheel to design a solar system that spans the shared roofs of the buildings across numerous, variably pitched planes. To meet the requirement for an equitable distribution of energy output to each of the residential units, Flywheel used HelioScope solar design software to determine which combination of differently oriented solar modules should interconnect to each of the nine units. The distributed architecture, which underpins the Enphase microinverter system, allowed for maximum flexibility in defining the ideal combination of modules on each AC branch circuit.
"We bring human-centered design and a firm belief in the power of innovation to every project at Flywheel, and the support from the Enphase commercial solar team helps us efficiently deliver advanced solar solutions to our customers and communities," said Jessica Pitts, co-founder and principal at Flywheel Development LLC. "Using Enphase microinverters removes several prominent design constraints of legacy solar technologies, improving our ability to imagine and build high-performance, resilient buildings. The collaboration with Enphase is off to a great start, and our design team is already putting the benefits of microinverter technology to work on projects that are in the early design phase."
Flywheel Development uses seventh-generation Enphase IQ(TM) microinverters, which leverage Enphase's 55 nm custom ASIC for higher reliability and better economies of scale. Enphase solar inverter technology is designed to support residential as well as commercial solar applications with a unique, software-defined architecture and built-in support for Rapid Shutdown and California Rule 21 requirements. Enphase microinverters are subjected to a rigorous reliability and quality testing regiment with over one million cumulative hours of test cycles in heat, high humidity, salty air, and extreme cold. Seventh-generation Enphase microinverters are designed to be long-lived energy assets and do not contain complicated moving parts or easily breakable components, such as fans, and are backed by a 25-year warranty.
"The Flywheel team takes a holistic and scientific approach to net-zero energy buildings, and we are proud to support them with world-class solar inverter technology," said Dave Ranhoff, chief commercial officer at Enphase Energy. "We are committed to empowering solar installers with a combination of the best products and an outstanding customer experience. I am delighted to see leaders in sustainable development like Flywheel take full advantage of what Enphase has to offer."
For more information about commercial solar with Enphase IQ microinverters, please visit the Enphase Energy website.
About Enphase Energy, Inc.
Enphase Energy, a global energy technology company, delivers smart, easy-to-use solutions that manage solar generation, storage and communication on one intelligent platform. The Company revolutionized the solar industry with its microinverter technology and produces a fully integrated solar-plus-storage solution. Enphase has shipped more than 27 million microinverters, and over 1.1 million Enphase systems have been deployed in more than 130 countries. For more information, visit www.enphase.com and follow the company on Facebook, LinkedIn and Twitter.
Enphase Energy(R), the Enphase logo, Enphase IQ, and other trademarks or service names are the trademarks of Enphase Energy, Inc. 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; our product quality and reliability; ease and flexibility of designing systems using our products; and the quality of products and service provided by our partners. These forward-looking statements are based on Enphase's current expectations and inherently involve significant risks and uncertainties. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of certain risks and uncertainties including those risks described in more detail in Enphase's most recent Annual Report on Form 10-K and other documents on file with the SEC and available on the SEC's website at www.sec.gov. 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: Christian Zdebel, pr@enphase.com, 484-788-2384
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b121dd57-c7f7-4356-8127-6e065a036a9d
https://ml.globenewswire.com/media/8b2a199d-ee69-4421-a9b9-ab23fddce0d4/small/enphase-logo-standard-orange-gray-rgb-copy-jpg.jpg
ENPH took 200 shares off the table today but still have plenty left GLTA
ENPH we see $100.pps next 12- 18 months imho
ENPH Enphase Energy Shares up After Co. Reports Record 1Q Revenue
12:16 pm ET May 6, 2020 (Dow Jones) Print
By Stephen Nakrosis
Shares of Enphase Energy Inc. are trading higher Wednesday, a day after the company said revenue in the first quarter of 2020 hit a record.
At 11:59 a.m. EDT, the company's shares had risen 18.71% to trade at $52.67.
After the bell Tuesday, Enphase said its first-quarter revenue of $205.5 million increased 105% year-over-year, hitting a new record.
The company also said, "As a result of global shelter-in-place rules, our engineering and certification activities experienced a slowdown. Consequently, we were unable to ship our Encharge battery storage system during the first quarter of 2020 as planned. We now expect shipments to begin in June 2020. To support the launch, we are ramping online installer training and tools while shelter-in-place and social distancing measures remain in force."
Enphase also said it expected second-quarter revenue in a range between $115 million to $130 million.
Earlier Wednesday, JP Morgan said it was raising its price target on Enphase's stock to $54 per share from $49.
Enphase Energy makes and sells microinverter systems for the solar photovoltaic industry.
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
May 06, 2020 12:16 ET (16:16 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
Enphase Energy and Sunlogics Deliver Residential Solar Solutions in Belgium
April 29, 2020 at 8:00 AM EDT
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‘S-HERTOGENBOSCH, the Netherlands, April 29, 2020 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ:ENPH), the world's leading supplier of solar microinverters, today announced it has teamed-up with Sunlogics, a full-service residential solar installer that delivers custom-made solar solutions to customers in Belgium.
Sunlogics, with headquarters in Dilsen-Stokkem, Belgium has installed more than 30MW of residential solar, enough to power ten thousand families in Limburg, Antwerp and Brabant. The company has chosen Enphase as its exclusive microinverter supplier using Enphase IQ 7™ and IQ 7+™ microinverters for the SunPower® P-Series modules. In addition, Sunlogics’ residential solar systems are outfitted with Enphase Envoy™ communications gateways, which connect an Enphase-based solar system to the Enphase Enlighten™ monitoring platform and helps make per-panel energy monitoring and insights for operations and maintenance easy.
“Our residential customers who purchase a solar system using Enphase microinverters are looking at the long term,” said Daniel Vanwetswinkel, CEO at Sunlogics. “When we meet with prospective customers, we are able to validate their potential return on investment by choosing Enphase microinverters. While an installation with string inverters might seem less expensive, the requirement to replace them after twelve years means the price advantage is lost. Enphase microinverters are backed with a 25-year limited warranty, making them more cost-effective.”
IQ 7 and IQ 7+ microinverters leverage Enphase’s unique software-defined architecture and semiconductor integration for excellent reliability and economies of scale. Enphase microinverters are subjected to a rigorous reliability and quality testing regimen with more than an aggregated one million hours of cumulative power-on testing to ensure exceptional performance under heat, high humidity, salty air, and extreme cold. The Company’s microinverters are designed to be long-lived energy assets and are backed by a 25-year limited warranty.
“We are pleased that Sunlogics, after previously using a competitive solution, chose Enphase microinverters for use in the SunPower® P-Series modules,” said Dave Ranhoff, chief commercial officer at Enphase Energy. “Our collaboration is beneficial for both companies, as we share a commitment to providing high-quality solutions and a superior customer experience.”
About Enphase Energy, Inc.
Enphase Energy, a global energy technology company, delivers smart, easy-to-use solutions that connect solar generation, storage and management on one intelligent platform. The Company revolutionized solar with its microinverter technology and produces the world’s only truly integrated solar plus storage solution. Enphase has shipped more than 23 million microinverters, and approximately one million Enphase-based systems have been deployed in 130 countries. For more information, visit www.enphase.com/be and follow the company on Facebook, LinkedIn and Twitter.
Enphase, IQ 7, IQ 7+, Envoy, Enlighten, the Enphase logo, and other trademarks or service names are the trademarks of Enphase Energy, Inc. 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 quality, reliability, safety, value, performance, life expectancy, ease of installation, and advantages of Enphase Energy’s products and technology, and the services and products provided by our partners. These forward-looking statements are based on Enphase's current expectations and inherently involve significant risks and uncertainties. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of certain risks and uncertainties including those risks described in more detail in Enphase’s most recent Annual Report on Form 10-K and other documents on file with the SEC and available on the SEC's website at www.sec.gov. 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.
Enphase Contact:
Robert Gruijters
Marketing Director, EMEA
rgruijters@enphaseenergy.com
Telephone: +31-6-82390633
Enphase_Logo_Standard_orange_gray_RGB copy.jpg
Source: Enphase Energy, Inc.
Anyone know what caused this to explode today. Really a nice day.
Why will the solar stocks do on Monday? Could see sustained growth or manipulation driving it down to a double bottom. Then s long recovery lasting 2-4 years. Best case is $70 in 1-2 months, SEDG will follow in lock-step
Will this be short lived or will they prosper outside of a general market decline
It's worth nothing(Kramer).
Kramer on Seinfeld is more intelligent.
Cramer likes Enphase Energy Inc (NASDAQ: ENPH) and the solar power business. for what it's worth!
ENPH-Enphase Energy Partners with Courant Naturel to Provide Residential Solar Rooftop Solutions in France
8:00 am ET April 7, 2020 (Globe Newswire) Print
Enphase Energy, Inc. (NASDAQ:ENPH), a global energy technology company and the world's leading supplier of solar microinverters, today announced it has collaborated with Courant Naturel, a fast-growing residential solar installer with headquarters in Soual, France, to deliver solar solutions to customers in southwest France.
Courant Naturel has served residential solar customers in southwest France since 2007. The company has chosen Enphase as its exclusive inverter supplier, using Enphase IQ 7X(TM) microinverters, along with SunPower(R) X-Series, an Enphase Energized (TM) AC Module leveraging IQ 7X microinverters. In addition, Courant Naturel's residential solar systems are outfitted with Enphase Envoy(TM) communications gateways, which connect the solar system to the Enphase Enlighten(TM) monitoring platform and helps make per-panel energy monitoring and insights for operations and maintenance easy.
"We pride ourselves in offering our solar customers the best products for their homes," said Paulo De Araujo, co-manager of Courant Naturel. "Enphase provides high-powered microinverters which are top-of-the-line when it comes to quality, performance, features, cost, warranty, and reliability. By collaborating with Enphase, our customers can enjoy the combination of high-efficiency, 96-cell modules from SunPower with IQ 7X microinverters, and we benefit from the ease of installation and monitoring capabilities which led us to choose Enphase as our exclusive microinverter supplier."
Enphase IQ 7X microinverters leverage Enphase's unique software-defined architecture and semiconductor integration for excellent reliability and economies of scale, which is ideal for space-constrained rooftops in France. Enphase microinverters are subjected to a rigorous reliability and quality testing regimen with more than an aggregated one million hours of cumulative power-on testing to ensure exceptional performance under heat, high humidity, salty air, and extreme cold. The Company's microinverters are designed to be long-lived energy assets and are backed by a 25-year limited warranty.
"We are pleased to collaborate with Courant Naturel to deliver PV rooftop solutions for their residential customers in France," said Dave Ranhoff, chief commercial officer at Enphase Energy. "Enphase provides high-quality, reliable and easy-to-install products that help enable Courant Naturel to spend less time installing and servicing systems and more time providing a superior customer experience."
About Enphase Energy, Inc.
Enphase Energy, a global energy technology company, delivers smart, easy-to-use solutions that connect solar generation, storage and management on one intelligent platform. The Company revolutionized solar with its microinverter technology and produces the world's only truly integrated solar plus storage solution. Enphase has shipped more than 25 million microinverters, and over one million Enphase systems have been deployed in more than 130 countries. For more information, visit www.enphase.com/fr and follow the company on Facebook, LinkedIn and Twitter.
Enphase, Enphase Energy, IQ 7X, Enphase Energized, Envoy, Enlighten, the Enphase logo, and other trademarks or service names are the trademarks of Enphase Energy, Inc. 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 quality, reliability, safety, cost, ease of installation, performance and advantages of Enphase Energy's products and technology, and the services provided by our partners. These forward-looking statements are based on Enphase's current expectations and inherently involve significant risks and uncertainties. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of certain risks and uncertainties including those risks described in more detail in Enphase's most recent Annual Report on Form 10-K and other documents on file with the SEC and available on the SEC's website at www.sec.gov. 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.
Enphase Contact:
Robert Gruijters
Marketing Director, EMEA
rgruijters@enphaseenergy.com
Enphase Energy Welcomes the Members of Amicus Solar Cooperative
8:00 am ET March 16, 2020 (Globe Newswire) Print
Enphase Energy, Inc. (NASDAQ:ENPH), a global energy technology company and the world's leading supplier of solar microinverters, today announced that the Company has forged an alliance with Amicus Solar Cooperative to become a supplier-of-record for its membership of values-driven, independently-owned solar energy developers, EPCs, and installers. An alignment of values around building sustainable, long-term partnerships, high-quality solar products, and a commitment to in-depth customer support drove the engagement between Enphase and Amicus.
Amicus Solar Cooperative, a Certified B Corporation and Public Benefit Corporation, is comprised of leading regional solar installation companies that pool their resources to build genuine win-win partnerships with suppliers and share best practices and industry expertise while remaining independently owned and operated. As such, Amicus members share a unique mission-driven perspective about their work in the world and openly and actively collaborate to help each other grow. Amicus member companies install solar in all 50 U.S. states, the District of Columbia, Puerto Rico, and Canada, and include over 3,000 experienced solar professionals with more than 500 MW of solar installations in 2019.
"As a member-owned purchasing cooperative, Amicus is dedicated to engaging with suppliers that are aligned with the values our organization is committed to as we pursue the transition to a clean energy future," said Stephen Irvin, president, chief executive officer, and co-founder at Amicus Solar Cooperative. "Enphase meets the high bar our members set for product quality, performance, and customer support, and the company has a demonstrable commitment to its employees and the community. We believe that this agreement creates a win-win relationship by growing consolidated volume for Enphase and economic, as well as customer support benefits that are now available to our 57 member companies."
"We reached out to Enphase when our local utility started requiring custom Rule 21-like settings on all new photovoltaic solar systems, and their response impressed us," said Dusty Bender, operations manager at Shaw Solar. "The Enphase technical support team was both capable and knowledgeable, and they worked with the engineers from the utility to provide a custom microinverter profile in a timely manner. It inspires confidence to know that you can count on your partners to take action and overcome obstacles, particularly when our ability to do business depends on it. We thank Enphase for helping us in this rapidly changing renewable energy market."
"We have been members of Amicus for 10 of the 20 years we've been in business, and this has given us an in-depth understanding of which solar energy products and methods yield the best results," said John Brown, senior commercial estimator, designer, and employee-owner at Positive Energy Solar. "As such, Amicus has helped us make important decisions based on real experiences. We decided to use Enphase IQ 7(TM) microinverter technology because we were impressed with the rigorous testing and quality management the products undergo, the simple and clean installation process and that Enphase microinverters provide a high-value and cost-effective option for the residential solar market. The bottom line is that Enphase products help take the complexity out of rooftop solar."
"I am pleased that our two organizations have formalized our relationship and that the Amicus members who have been working with Enphase for years can now enjoy the benefits of this collaboration," said Dave Ranhoff, chief commercial officer at Enphase Energy. "The vitality of the residential solar industry depends on a foundation of long-term trust and support between equipment suppliers, professional installers, and homeowners, and we look forward to working with Amicus members to provide their customers with the best homeowner experience."
About Enphase Energy, Inc.
Enphase Energy, a global energy technology company, delivers smart, easy-to-use solutions that manage solar generation, storage and communication on one intelligent platform. The Company revolutionized the solar industry with its microinverter technology and produces a fully integrated solar-plus-storage solution. Enphase has shipped more than 25 million microinverters, and over one million Enphase systems have been deployed in more than 130 countries. For more information, visit www.enphase.com/ and follow the company on Facebook, LinkedIn and Twitter.
Enphase Energy(R), IQ 7, the Enphase logo and other trademarks or service names are the trademarks of Enphase Energy, Inc.
ENPH Enphase Energy Powers Commercial Solar for Del Sol Energy
8:00 am ET March 10, 2020 (Globe Newswire) Print
Enphase Energy, Inc. (NASDAQ:ENPH), a global energy technology company and the world's leading supplier of solar microinverters, today announced that Del Sol Energy, a leading commercial and residential solar company with headquarters in Brentwood, Calif., is leveraging the reliability of Enphase microinverters to build a growing base of commercial solar customers.
Del Sol Energy deployed a 97 kW Enphase microinverter-based ballasted rooftop solar system for Delta Bowl, the newly remodeled experiential bowling and games center in Antioch, Calif. The solar system, which received its permission to operate (PTO) in February 2020, provides clean, reliable solar energy for Delta Bowl's 35,000 square-foot entertainment facility. Enphase microinverter-based systems fully meet rapid shutdown requirements set forth in the 2014 National Electrical Code (NEC), with no additional electrical equipment needed. With Enphase microinverter-based systems, Delta Bowl customers and staff are not at risk from high-voltage DC cable runs on the roof or down the sides of the building, and they pose a significantly lower fire risk from arc faults as compared to other inverter technologies.
"I am thrilled about our new solar system at 'the Bowl' because it offers us a way to offset the energy demand from our recent arcade and laser tag additions with clean, reliable solar energy," said Ken Melton, owner at Delta Bowl in Antioch, Calif. "Delta Bowl first opened its doors in 1964, and with that history in mind, we also look to the future and consider the impact of our investments over the long term. Going solar with Del Sol Energy and Enphase allows us to do our part in reducing the Bowl's carbon footprint, and our projections show an energy cost savings of about 1.3 million dollars over the next 30 years."
"Our commercial solar customers take the long view when it comes to investing in solar, which is why the 25-year microinverter warranty from Enphase is so compelling to them," said Josh Aldrich, chief executive officer at Del Sol Energy. "Not only did the team at Delta Bowl find peace-of-mind from the warranty and safety of Enphase microinverters, but they also preferred to have a resilient inverter technology in which a single component cannot take the entire system offline."
"Enphase is focused on developing extremely safe and reliable energy products, and we stand behind those products with a best-in-class microinverter warranty," said Dave Ranhoff, chief commercial officer at Enphase Energy. "I am proud to see Josh and the team at Del Sol Energy Solar serving demanding customers in the commercial solar market with Enphase products, especially on projects like the storied Delta Bowl."
For more information about commercial solar in the Brentwood, Calif. area, please visit Del Sol Energy online at https://delsolenergy.info/enphase_pr. For information about bowling and fun for the whole family at Delta Bowl's newly expanded facility, please visit https://delsolenergy.info/delta_bowl. For more information about commercial solar products from Enphase, please visit https://enphase.com/en-us/commercial-solutions.
About Enphase Energy, Inc.
Enphase Energy, a global energy technology company, delivers smart, easy-to-use solutions that manage solar generation, storage and communication on one intelligent platform. The Company revolutionized the solar industry with its microinverter technology and produces a fully integrated solar-plus-storage solution. Enphase has shipped more than 25 million microinverters, and over one million Enphase systems have been deployed in more than 130 countries. For more information, visit www.enphase.com and follow the company on Facebook, LinkedIn and Twitter.
Enphase Energy(R), the Enphase logo and other trademarks or service names are the trademarks of Enphase Energy, Inc. 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 performance, advantages, safety and reliability of Enphase Energy's technology and products; and the capabilities of our installation partners and their end customers. These forward-looking statements are based on Enphase's current expectations and inherently involve significant risks and uncertainties. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of certain risks and uncertainties including those risks described in more detail in Enphase's most recent Annual Report on Form 10-K and other documents on file with the SEC and available on the SEC's website at www.sec.gov. 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.
Images Available: http://go.enphase.com/enphase-media-room
Contact: Christian Zdebel, pr@enphase.com, 484-788-2384
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Pick up these 'next generation' technology stocks while they're on sale
11:18 am ET March 7, 2020 (MarketWatch)
Share
Print
By Michael Brush, MarketWatch
Companies such as Twilio, Chegg and Enphase Energy are the FAANGs of the future, says Kevin Landis of the Firsthand Technology Opportunities Fund
While insiders appear to be telling us it's time to start buying the pullback in stocks, not everyone is convinced.
"There is room for a little more freaking out," says Kevin Landis, who manages the Firsthand Technology Opportunities Fund . It's all about the fear of the unknown. "When a panic really gets going, it can be more of an enthusiastic panic than you expected."
Landis would know. He managed money through the wreckage of the tech bubble aftermath two decades ago, and every major "freakout" since.
The good news is that all these slumps taught us a simple lesson. Once the panic subsides, human ingenuity still survives and thrives, and drives progress, with tech leading the way. It's the same with virus scares. The horror of the Spanish flu was followed by the Roaring '20s, which was a great time to invest, points out Landis. Some executives are already buying shares of their own companies (http://www.marketwatch.com/story/executives-are-buying-their-own-companies-beaten-down-stocks-here-are-nine-with-large-purchases-2020-03-03).
Enphase Energy (TICKER:ENPH) and SolarEdge Technologies (TICKER:SEDG)
These companies make inverters, which convert the direct current output of solar panels to alternating current that can be used in homes, or sent to the electrical grid. That makes them a play on new California regulations that require new homes to have solar photovoltaic systems -- a market dynamic that coronavirus won't end.
ENPH Thank God for the Great ENPH run over the last year ! glta
Enphase Energy Announces Offering of $320 million of Convertible Senior Notes Due 2025
7:44 am ET March 4, 2020 (Globe Newswire) Print
Enphase Energy, Inc. (NASDAQ:ENPH) today announced that it intends to offer, subject to market conditions and other factors, $320 million aggregate principal amount of convertible senior notes due 2025 (the "Notes") in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). Enphase also expects to grant the initial purchasers of the Notes a 13-day option to purchase up to an additional $30 million aggregate principal amount of the Notes to cover over-allotments, if any.
The Notes are expected to pay interest semiannually. Initially, conversion of the Notes will be settled solely in cash; however, following satisfaction of certain share reservation conditions, conversion of the Notes will be settled in cash, shares of our common stock or a combination of cash and shares of our common stock, at Enphase's election. The Notes will mature on March 1, 2025, unless earlier converted or repurchased in accordance with their terms. The final terms of the Notes, including the interest rate, initial conversion rate, and other terms, will be determined by negotiations between Enphase and the initial purchasers of the Notes.
In connection with the offering of the Notes, we expect to enter into convertible note hedge transactions with one or more of the initial purchasers of the Notes and/or their respective affiliates and/or other financial institutions (the "hedge counterparties"). The convertible note hedge transactions are expected generally to reduce potential dilution to our common stock upon any conversion of the Notes and/or offset any cash payments we are required to make in excess of the principal amount of converted Notes, as the case may be. We also expect to enter into warrant transactions with the hedge counterparties. The warrant transactions could separately have a dilutive effect to the extent that the market value per share of our common stock exceeds the strike price of the warrants. If the initial purchasers exercise their option to purchase additional Notes, we expect to enter into additional convertible note hedge transactions and additional warrant transactions with the hedge counterparties.
We expect that in connection with establishing their initial hedge of the convertible note hedge transactions and warrant transactions, the hedge counterparties may enter into various derivative transactions with respect to our common stock concurrently with or shortly after the pricing of the Notes. This activity could increase (or reduce the size of any decrease in) the market price of our common stock or the Notes at that time.
In addition, the hedge counterparties may modify their hedge positions by entering into or unwinding various derivatives with respect to our common stock and/or purchasing or selling our common stock or other securities of ours in secondary market transactions following the pricing of the Notes and prior to the maturity of the Notes (and are likely to do so during any observation period related to a conversion of the Notes). This activity could also cause or avoid an increase or a decrease in the market price of our common stock or the Notes and, to the extent the activity occurs during any observation period related to a conversion of the Notes, it could affect the number of shares and value of the consideration that noteholders will receive upon conversion of the Notes.
Enphase intends to use a portion of the net proceeds of the offering of the Notes to pay the cost of the convertible note hedge transactions described above (after such cost is partially offset by the proceeds to Enphase from the sale of the warrants described above). Enphase expects to use any remaining net proceeds from the sale of the Notes for general corporate purposes, which may include the repayment of indebtedness, working capital, and potential acquisitions and strategic transactions. However, Enphase currently has no commitments with respect to any such acquisitions or other strategic transactions. Certain of the initial purchasers or their affiliates may be holders of our existing indebtedness that we repay, redeem, repurchase, defease or otherwise retire.
This press release is neither an offer to sell nor a solicitation of an offer to buy the Notes or the shares of our common stock issuable upon conversion of the Notes, nor will there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.
The Notes and the shares of our common stock issuable upon conversion of the Notes have not been and will not be registered under the Securities Act, or the securities laws of any other jurisdiction, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. The offering of the Notes is being made to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act.
About Enphase Energy, Inc.
Enphase is a global energy technology company and delivers smart, easy-to-use solutions that manage solar generation, storage and management on one intelligent platform.
Forward-Looking Statements
This announcement contains certain forward-looking statements based on Enphase's current expectations as to the outcome and timing of future events. All statements, other than statements of historical facts, including all statements regarding the proposed offering of the Notes, the proposed entry into convertible note hedge transactions and warrant transactions with the hedge counterparties and the completion of the offering of the Notes (including related timing), that address activities or results that Enphase plans, expects, believes, projects, estimates or anticipates will, should or may occur in the future, are forward-looking statements. Actual events may differ materially from those expressed or implied by these forward-looking statements, including the possibility that Enphase will not offer the Notes or consummate the related offerings due to market conditions; changes in the anticipated principal amount of the Notes, which could differ based upon market conditions; changes in the structure or terms of any convertible note hedge transactions and warrant transactions; changes in the anticipated use of the net proceeds of the offerings, which could change as a result of market conditions or for other reasons related to Enphase's business and the impact of general economic, industry or political conditions in the United States or internationally. For a discussion of factors affecting Enphase's business and prospects, see our annual, quarterly and other reports filed with the Securities and Exchange Commission. Enphase 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.
Enphase Contact:
Adam Hinckley
Enphase Energy, Inc.
Investor Relations
ir@enphaseenergy.com
+1-707-763-4784 x7354
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Enphase Energy to Participate in Microgrid Panel Discussion and Deliver Ensemble Training at 2020 NABCEP CE Conference
8:00 am ET March 2, 2020 (Globe Newswire) Print
Enphase Energy, Inc. (NASDAQ:ENPH), a global energy technology company and the world's leading supplier of solar microinverters, today announced that the Company's Transactive Energy Architect, Donny Zimmanck, will represent Enphase at the 2020 North American Board of Certified Energy Practitioners (NABCEP) Continuing Education (CE) Conference in a panel discussion focused on microgrids. Solar installers in attendance at the Conference may also be eligible to earn continuing education credits by attending the Enphase Ensemble(TM) Technology Training sessions presented by Enphase Training Manager, Peter Lum.
At the 2020 NABCEP CE Conference, Enphase will deliver an installer curriculum designed to show how to install Enphase Encharge(TM) battery storage systems. NABCEP attendees will learn about the benefits of choosing the all-in-one smart energy system designed entirely by Enphase that is capable of generating, storing and managing energy seamlessly. The Enphase Ensemble technology training will take place on Tuesday, March 17, 2020, from 9:00 AM-10:30 AM in room 104, and on Wednesday, March 18, 2020, from 9:00 AM-10:30 AM in room 105.
"Enphase is dedicated to providing an outstanding customer experience to our installer partners, and our training team at the NABCEP CE Conference is delivering an important component of that experience," said Mehran Sedigh, vice president and general manager of the energy storage business at Enphase Energy. "As energy resilience becomes more important to homeowners, installers who take advantage of this training will be ready to confidently answer questions and deploy and install Always-On solar-plus-storage systems from Enphase."
The upcoming Enphase Encharge 3(TM) and Encharge 10(TM) storage systems, powered by Enphase Ensemble energy management technology, will offer usable and scalable capacity of 3.4 kWh and 10.1 kWh, respectively. These storage systems feature Enphase embedded grid-forming microinverters that enable Always-On functionality and will be compatible with both new and existing Enphase IQ(TM) solar systems with IQ 6(TM) or IQ 7(TM) microinverters to provide a simple upgrade path for existing Enphase solar customers.
For more information about Enphase Ensemble energy management technology, please visit https://enphase.com/en-us/ensemble.
About Enphase Energy, Inc.
Enphase Energy, a global energy technology company, delivers smart, easy-to-use solutions that manage solar generation, storage and communication on one intelligent platform. The Company revolutionized the solar industry with its microinverter technology and produces a fully integrated solar-plus-storage solution. Enphase has shipped more than 25 million microinverters, and over one million Enphase systems have been deployed in more than 130 countries. For more information, visit www.enphase.com and follow the company on Facebook, LinkedIn and Twitter.
Enphase Energy(R), Ensemble, Encharge, Encharge 3, Encharge 10, Enphase IQ, IQ 6, IQ 7, the Enphase logo and other trademarks or service names are the trademarks of Enphase Energy, Inc. 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; the ability of our installation partners to answer questions and install our products; the ability for our installers to earn continuing education credits based upon our training; and anticipated market adoption of our current and future products. These forward-looking statements are based on Enphase's current expectations and inherently involve significant risks and uncertainties. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of certain risks and uncertainties including those risks described in more detail in Enphase's most recent Annual Report on Form 10-K and other documents on file with the SEC and available on the SEC's website at www.sec.gov. 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.
Images Available: http://go.enphase.com/enphase-media-room
Contact: Christian Zdebel, pr@enphase.com, 484-788-2384
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Check out the latest form 4! Insider Rodgers Thurman just dumped millions of shares on 2/25 and 2/26.
Loving it up then DOWN!
Lmao anyone with half a Brain would be taken a little off the Table after a ten timer
Weeee ,Johnny come lately
Look at Edgar new form 4’s insiders selling yesterday. The MM can only hold it up so long.....
XI175, your silly bashing has zero effect..
Any buddy interested in some Chinese junk bonds? How about a long position in ENPH?
Shortsighted view. You need one microinverter per solar panel. There are millions of solar panels out there with millions more on the way. If you understand that they are so easy to install, federal and state tax credits available and they turn your home into a mini power plant with its new batteries making it safer and free from being dependent on your local power plant during mass power outages. Older solar panels are easily adaptable to these new inverters. For those of us in Hurricane prone areas this is as good as it gets. Not over valued at all. 100.00 plus stock down the road.
Got out due to Coronavirus. Waiting for the fall, then rebuy. GLTA.
How many micro inverters do they need to sell in order to sustain a 7B dollar MC? That’s a big number. Look out below.
The profit could triple next quarter, Even then $58 a share 7B m/c is way way over valued.
Yeah, it sure crashed hard
??
This guy is Comatose
Enphase Energy, Inc. (NASDAQ: ENPH) stock moved upwards by 5.0% to $60.10. The most recent rating by B. Riley FBR, on February 13, is at Neutral, with a price target of $35.00. lmao
* * $ENPH Video Chart 02-19-2020 * *
Link to Video - click here to watch the technical chart video
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If you’re like us, you want a home energy system that just works. A system that makes your life easier – and saves you money – but one you don’t have to think about. The Enphase Home Energy Solution combines solar, storage, and software that tracks your production and consumption: an all-in-one system that maximizes your energy savings while you’re busy living your life.
The grid as we know it is changing, as utilities get ready to power the world of tomorrow. With some solar technologies, that's cause for concern. But Enphase Microinverters are already equipped to handle tomorrow’s smart grid, and remote update capabilities mean they’re ready for whatever the future brings.
The Enphase Solution isn’t just fully integrated on its own – it also plays well with other smart home technologies. Our partnerships with companies like AT&T,Nest and LG bring you more functionality from your Enphase products, without sacrificing convenience. Plus, the future is full of possibilities -- we’re expanding our partnerships all the time.
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