Enphase Energy to Acquire SunPower’s Microinverter Business
Enphase Energy, Inc. (ENPH)
Last enphase energy, inc. earnings: 2/18 04:05 pm
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Source: GlobeNewswire
5-Year Agreement Expected to Accelerate Global Adoption of AC Modules as the De Facto Residential Solution PETALUMA, Calif. and SAN JOSE, Calif., June 12, 2018 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ:ENPH), and SunPower Corporation (NASDAQ:SPWR), today announced a definitive agreement for Enphase to acquire SunPower’s microinverter business for $25 million in cash and 7.5 million shares of Enphase common stock. Key highlights of the acquisition include: Advances AC Modules (ACM) as the future of residential solarEnhances SunPower’s Equinox™ Home Solar System with a custom line of Enphase’s IQ microinverters for use with SunPower AC ModulesEnphase expects to add $60-$70 million annualized revenue in second half of 2019 at 33%-35% gross marginAdds over 140 patents to Enphase’s strong IP portfolioExpects to close by end of the third quarter of
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ENPH
News
- Enphase Energy First Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Enphase Energy, Inc. (NASDAQ: ENPH) had its price target lowered by analysts at Craig Hallum from $159.00 to $147.00. They now have a "buy" rating on the stock.MarketBeat
- Yahoo Finance [Yahoo! Finance]Yahoo! Finance
- Enphase Energy, Inc. (NASDAQ: ENPH) had its price target lowered by analysts at Royal Bank of Canada from $140.00 to $130.00. They now have an "outperform" rating on the stock.MarketBeat
- US STOCKS-Wall St slips as higher yields offset upbeat corporate earnings [Yahoo! Finance]Yahoo! Finance
ENPH
Earnings
- 4/23/24 - Beat
ENPH
Sec Filings
- 4/23/24 - Form 8-K
- 4/23/24 - Form 10-Q
- 4/23/24 - Form 8-K
- ENPH's page on the SEC website