is...waitin' on a dollar
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Enphase Energy
Enphase Energy Announces Conference Call to Review Third Quarter 2017 Financial Results, Tuesday, November 7, 2017 at 4:30 p.m. Eastern Time
PETALUMA, Calif., Oct. 24, 2017 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ:ENPH), a global energy technology company and the world's leading supplier of solar microinverters, announced today that the company will host a conference call and webcast on Tuesday, November 7, 2017 at 4:30 p.m. Eastern Time to discuss its third quarter 2017 financial results for the period ended September 30, 2017. The live webcast can be accessed on the Enphase Energy Investor Relations website at investor.enphase.com, and a recorded version of the call will also be available there approximately one hour after the call.
What: Enphase Energy's Third Quarter 2017 Financial Results Earnings Call and Webcast
Date: Tuesday, November 7, 2017
Time: 4:30 p.m. Eastern Time
Live Call: 877.644.1284
International: +1.707.287.9355
Participant Passcode: 9999629
Replay: United States: 855.859.2056
International: +1.404.537.3406
Passcode: 9999629
The webcast will be archived for up to 30 days.
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 15 million microinverters, and over 661,000 Enphase residential and commercial systems have been deployed in more than 100 countries. For more information, visit www.enphase.com.
Enphase Energy®, the Enphase logo and other trademarks or service names are the trademarks of Enphase Energy, Inc.
Forward-Looking Statements
This press release may contain forward-looking statements, including statements related to Enphase Energy's future financial performance, product performance, timing of availability of new products, and advantages of its technology and market trends. These forward-looking statements are based on the company'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 these risks and uncertainties and other risks detailed in the "Risk Factors" and elsewhere in Enphase Energy's latest Securities and Exchange Commission filings and reports, including its Annual Report on Form 10-K for the year ended December 31, 2016. 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.
Contact
Christina Carrabino
Enphase Energy, Inc.
Investor Relations
ir@enphaseenergy.com
+1-707-763-4784, x. 7294
Primary Logo
Source: Enphase Energy, Inc.
Looks like some large buys
Enphase Energy
Enphase Named Top Residential PV Monitoring Vendor in North America
PETALUMA, Calif., Oct. 04, 2017 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ:ENPH), a global energy technology company and the world's leading supplier of solar microinverters, has been named the #1 residential PV monitoring vendor in North America by GTM Research and market intelligence firm SOLICHAMBA, based on total capacity of residential PV systems monitored in the first half of 2017.
The report, "Global PV Monitoring 2017-2022: Markets, Trends and Leading Players," is the solar industry's only comprehensive analysis of the PV monitoring and control software markets. In their analysis of technologies and vendors, GTM Research and SOLICHAMBA have placed Enphase at the top of the residential segment in North America. The report also names Enphase the #2 residential PV monitoring vendor globally, and the #4 residential PV monitoring vendor in Europe in the inverter category.
"We are pleased to be named as the #1 PV monitoring vendor for the North American residential solar market," said Badri Kothandaraman, president and CEO of Enphase Energy. "Our software expertise is central to the value we bring to the market, enabling Enphase installers and system owners to benefit from the monitoring and reporting capabilities that maximize the value of their residential solar installations."
With over 140 patents, Enphase continues to drive differentiation through innovation and meet the changing needs of residential solar customers. Enphase is the world's leading provider of microinverters, with approximately 15 million installed in more than 661,000 systems around the world.
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 approximately 15 million microinverters, and more than 661,000 Enphase systems have been deployed in more than 100 countries. For more information, visit www.enphase.com and follow the company on Facebook, LinkedIn and Twitter.
Enphase Energy®, the Enphase logo and other trademarks or service names are the trademarks of Enphase Energy, Inc.
Forward-Looking Statements
This press release may contain forward-looking statements, including statements related to Enphase Energy's: continued growth prospects; and ability to create value for our employees, customers, shareholders, partners, and vendors. These forward-looking statements are based on the company'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 these risks and uncertainties and other risks detailed in the "Risk Factors" and elsewhere in Enphase Energy's latest Securities and Exchange Commission filings and reports. 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.
Images Available:
http://go.enphase.com/enphase-media-room
Contact: Christian Zdebel, pr@enphase.com, 484-788-2384
Primary Logo
Source: Enphase Energy, Inc.
Yawn
They can have all of mine. For $4.20 each!
Hope for action here if stock trades well today.
People are still around. Just chillin and waiting on the trade cycle
Badri Kothandaraman, the newly crowned president and CEO of California-based micro-inverter specialist Enphase Energy, said, “The date is coming. I’d be lying if I said we weren’t concerned.” However, regardless of the ITC decision, Kothandaraman said Enphase will “still focus on what we do and continue growing.”
He added, “U.S. solar penetration is increasing – that tells you the opportunity is there. We can bring solar to the masses.”
https://solarindustrymag.com/solar-players-talk-uncertainty-progress-promise-spi-wrap
Everyone
Needs
Pocket
cHange
But it only takes pocket change to buy this stock. There are great things getting ready to happen here. Go SUNW!
Had a buy order in for a lower price but don't think I will see it drop that far again. Will look to add a few thousand as well. Hopefully it performs better in the next quarter than a NC State vs. Fla State matchup.
Need solar to power the EV's
China studying ban on gas vehicles
http://www.seekingalpha.com/news/3294532
Sour grapes
8-K 1 a201709068kforceoappointme.htm 8-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
________________________________________________
FORM 8-K
________________________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 3, 2017
________________________________________________
ENPHASE ENERGY, INC.
(Exact name of registrant as specified in its charter)
________________________________________________
Delaware
001-35480
20-4645388
(State or other Jurisdiction of Incorporation)
(Commission File No.)
(IRS Employer Identification No.)
1420 N. McDowell Blvd
Petaluma, CA 94954
(Address of principal executive offices, including zip code)
(707) 774-7000
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company x
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. x
Item 5.02. Departure of Directors or Certain Officers: Election of Directors; Appointment of Certain Officers; Compensation Arrangements of Certain Officers
Effective September 3, 2017, the Board of Directors (“Board”) of Enphase Energy, Inc. (“Enphase”) appointed Badrinarayanan Kothandaraman, currently Enphase’s Chief Operating Officer, as Enphase’s President and Chief Executive Officer and a member of the Board. As President and Chief Executive Officer, Mr. Kothandaraman will serve as Enphase’s principal executive officer. In connection with his promotion to President and Chief Executive Officer, Mr. Kothandaraman’s annual base salary has been increased to $450,000 with a target bonus opportunity of 100% of his base salary (pro-rated for 2017), with actual bonus payments based on the achievement of corporate performance and individual performance objectives, as determined by the Compensation Committee of the Board. Mr. Kothandaraman will also receive an additional stock option grant of 1,000,000 shares of Enphase common stock with an exercise price to be equal to the closing sales price of Enphase common stock on the grant date as reported by Nasdaq, which will vest over 4 years, based on his continued service, as follows: 25% of the shares to vest on the first anniversary of the grant date and then 1/48th of the shares vesting on each of the 36 months thereafter. The foregoing description of Mr. Kothandaraman’s employment terms is qualified in its entirety by reference to the full text of his offer letter, a copy of which will be filed as an Exhibit to Enphase Quarterly Report on Form 10-Q for the quarter ended September 30, 2017. In addition, the Board has designated Mr. Kothandaraman as a Tier I Participant in Enphase’s Severance and Change in Control Benefit Plan, previously filed with the Securities and Exchange Commission as Exhibit 10.50 to the Quarterly Report on Form 10-Q for the quarter ended March 31, 2013.
Mr. Kothandaraman, 45, joined Enphase in April 2017. Prior to joining Enphase, Mr. Kothandaraman spent 21 years with Cypress Semiconductor, most recently serving as executive vice president of Cypress's Data Communications Division since November 2011. Mr. Kothandaraman received his B.Tech degree from IIT Madras and an M.S. degree in materials science from U.C. Berkeley.
There is no arrangement or understanding between Mr. Kothandaraman and any other person pursuant to which Mr. Kothandaraman was selected as President and Chief Executive Officer. Mr. Kothandaraman has no family relationships with any of Enphase’s directors or executive officers, and he has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K promulgated under the Securities Exchange Act of 1934, as amended.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date:
September 6, 2017
Enphase Energy
Enphase Energy Appoints Badri Kothandaraman as President and CEO
PETALUMA, Calif., Sept. 06, 2017 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ:ENPH), a global energy technology company and the world's leading supplier of solar microinverters, announced today its Board of Directors has appointed Badri Kothandaraman as the Company's new President and Chief Executive Officer and member of its Board of Directors. Mr. Kothandaraman succeeds Paul Nahi, who resigned as President and CEO and a member of the Company's Board of Directors, effective August 8, 2017.
"We are thrilled to appoint Badri, a highly respected and accomplished leader with a proven track record of growth and operational excellence, as Enphase's new President and CEO," said Steve Gomo, lead independent director of Enphase Energy's board of directors. "Following a thorough review of candidates, the Board determined Badri's ability to connect people, vision and ideas to drive strategy and execution make him an ideal fit for his new role at Enphase. We are confident he will help to lead Enphase through its next growth phase and reach its full potential in a rapidly changing solar industry."
Prior to joining Enphase in April 2017 as chief operating officer, Kothandaraman gained strong technical, operational, strategy, and leadership experience during his 21-year career at Cypress Semiconductor. An engineer by training, Kothandaraman received his B.Tech degree from IIT Madras and an M.S. degree in materials science from U.C. Berkeley. He started his career with Cypress Semiconductor in 1995 and worked in process technology development and chip design before becoming vice president of the Asynchronous SRAM Business in 2008. Kothandaraman was subsequently promoted to executive vice president of Cypress's Data Communications Division in November 2011 and spent the next five years building the USB 3.0, USB-C and the Internet of Things businesses. He also served as the executive director of Cypress Semiconductor Technology India Private Limited from 2012 to 2016. Kothandaraman attended the Stanford Executive Program in 2008 and holds eight U.S. patents.
"I am excited about the opportunity to lead Enphase as we continue to explore growth opportunities and strengthen our leadership in renewable energy," said Badri Kothandaraman, "Enphase has an outstanding reputation for technology innovation and quality, and we are pleased with the ongoing rollout of our IQ platform and the Enphase Energized™ AC Module products. I look forward to working with a very talented team to create value for our employees, customers, shareholders, partners, and vendors."
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 approximately 15 million microinverters, and more than 661,000 Enphase systems have been deployed in more than 100 countries. For more information, visit www.enphase.com.
Enphase Energy®, the Enphase logo and other trademarks or service names are the trademarks of Enphase Energy, Inc.
Forward-Looking Statements
This press release may contain forward-looking statements, including statements related to Enphase Energy's: continued growth prospects; and ability to create value for our employees, customers, shareholders, partners, and vendors. These forward-looking statements are based on the company'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 these risks and uncertainties and other risks detailed in the "Risk Factors" and elsewhere in Enphase Energy's latest Securities and Exchange Commission filings and reports. 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.
Contact
Investors:
Christina Carrabino
Enphase Energy, Inc.
ir@enphaseenergy.com
+1-707-763-4784, x7294
Media:
Christian Zdebel
pr@enphase.com
+1-484-788-2384
Primary Logo
Source: Enphase Energy, Inc.
SO MANY of your facts are either backwards or simply flat out wrong it's not worth the effort. Check you facts and come back with supporting info or I'll simply ignore what you have to post.
ENPH
Solar investment. Speculative. Turnaround.
This is a turnaround issue. I have followed this company for close to 2 years and would like to share some information as well as get some feedback. Company is involved in what is known as "module-level power electronics" a technology subset within the solar panel manufacturing field. Panels require inverters to convert DC energy into usable AC energy. There are 3 basic ways of doing this: through string inverters, power optimizers or microinverters. Enphase specialized in this last area and has as its main competitor a company that has specialized in power optimizers (sedg).
Recently, with the introduction of a new class of microinverters, enphase has been able to integrate their technology into the manufacturing process of solar panels. These new panels are called ACM (AC modules) where the microinverter is now attached to the panel and the need for assembling it by solar roof installers may -and eventually will- disappear.
In the last year or so, previous management made some bad decisions: went into unproductive product lines, signed bad loan deals and wasted precious resources in non-conducive activities. On January this year, TJ Rodgers and John Doerr bought a chunk of the company (close to 10% combined) and TJ R was named a Director. After an abysmal first quarter, where California market tanked greatly affecting enphase's numbers, a new COO was named to take charge of operations: Badri Kothandaraman.
Both TJ R and Badri are CYpress semiconductors guys. In fact, TJ R was one of the founders. This is important because it was TJ R who discovered the novel technology of Sunpower and invested his own money when the company was failing as a start up. We all know what happened to Sunpower years later. In that specific case, TJ R also brought into Sunpower the management style of Cypress and covered many top, essential positions with CY management.
In ENPHs most recent quarter its 10 year old CEO got ousted. While there is a transition going on and we are waiting for the announcement of a new CEO by 8/31, rumor has been that Badri K, former CY's executive now performing as COO, might become the permanent CEO. This would further solidify TJ R's move into turning the company around.
As for numbers, last Q was the 1Q company did not burn cash with 31 mill in their coffers, as a result of cleaning up inventory. By the end of this Q, company would have transitioned completely to the higher margin microinverter named IQ6. Company has also signed deals with LG and Jinko Solar both of which will now carry ACMs with integrated micros. LG's ACM panels are already being offered in the market and it is expected that this coming quarter will bring color into ACMs sales. Jinko is not expected to offer integrated modules until later this year.
Enphase has been rapidly correcting past management mistakes and imposing a new style and discipline, evident in last Q numbers. COO has released a working plan on a path to profitability and growth. Company has guided flat sales for 3Q most likely due to transition issues although they officialy mentioned components issues.
There are risks and obstacles in the road to success. Micros are a different technology than the one offered by optimizers. There is a large public discussion on which technology offers the best advantage or if both could move forward and subsist together. Enphase, in particular, has a noose around its neck in a credit line by Tennenbaum (50 million) with covenants that may hit the company hard in 2018 so while bankruptcy doesn't appear to be in the cards anymore, dilution might. Next quarter's guidance is critical in that it will show a new CEOs work, the chance of hitting all stated benchmarks and the potential and acceptance by the market of the ACM's.
Yet, the most important piece of information in this analysis is not to disregard the direct involvement of TJ Rodgers, his philosophy of fighting for shareholders and what he did with Sunpower.
Overall, solar seems to be on the up and up and most public companies in this segment have been posting much better numbers as of late. Solar has already achieved parity in some parts of the world becoming as cheap as wind energy.
Below are 3 informative articles:
https://www.greentechmedia.com/articles/read/silicon-valleys-john-doerr-and-tj-rodgers-invest-10m-in-enphases-microin
http://www.marketwired.com/press-release/enphase-energy-announces-strategic-investment-from-tj-rodgers-and-john-doerr-nasdaq-enph-2187536.htm
http://newsroom.enphase.com/releasedetail.cfm?releaseid=1021173
Copied from:
http://www.cornerofberkshireandfairfax.ca/forum/investment-ideas/enph-enphase-energy/
Dude go climb another tree. Your amateurish posts won't sway anyone. The numbers speak for themselves and the numbers not only show ENPH technology is not only superior, save a lot of man hours during installations, have integrated their tech into AC modules for a one stop shop/installs, but ALREADY have a superior battery solution available on the market. You can talk about financials and color them any way you want but the facts are SEDG is losing what market share they gained by being backed by TSLA and installers prefer ENPH products and have been gaining what market share they lost. I wouldn't worry about ENPH financials I would worry about SEDG instead. Your $28 share price will be reduced by a third by this time next year. But you keep sticking your head in the sand.
You've seen this post? You realize SEDG lost their injunction against ENPH because the judge agreed that ENPH was a superior product and way faster to install cutting down times and monies for downstream vendors. Good luck with your nail because it might be placed from inside SEDG's coffin.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133561324
Good opportunity to average down and increase our holding. Liked the report and the CC and look forward to an exciting Q3. Good trade btw...
Wrong again...time to buy as this dips into quarterly session lows. Better action for sure this quarter and am bullish on how this will play through the next several months.
Hope for increase in value!
How many?
ENPH will win out over SEDG