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Stock impact report

Enphase Energy Expands Manufacturing Capacity with Flex in Mexico

Enphase Energy, Inc. (ENPH) 
Last enphase energy, inc. earnings: 2/18 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.enphase.com
Company Research Source: GlobeNewswire
PETALUMA, Calif., Sept. 12, 2018 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ:ENPH), a global energy technology company and the world’s leading supplier of solar microinverters, today announced that it has expanded its manufacturing agreement with Flex to include the company’s facilities in Mexico. Starting in Q2 of 2019, Flex will begin delivering Enphase products produced in Mexico to the US market as part of a mitigation plan for the impending USTR Section 301 tariff in the US. “Flex has been a great manufacturing partner and has helped Enphase add an additional manufacturing line in Mexico,” said Badri Kothandaraman, CEO at Enphase Energy. "Flex provides a cost-neutral path to scale our current products and bring up new products faster. This increased agility will help Enphase better serve our customers globally by cutting down cycle times, streamlining inventory and mitigating tariffs.” “Flex supports the most innovative companies in the world – those that push the envelo Show less Read more
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