The module manufacturer and micro-inverter supplier will connect their products in the factory to reduce installation costs, while providing a list of value propositions for micro-inverters.
The U.S. microinverter maker has said the capacity increase will be made under its partnership with the Flex Group. It will start delivering devices produced in Mexico to the U.S. market, starting in the second quarter of 2019.
The company has brought its operating margin to below -1%, as it fends off component shortages, short sellers and potential tariffs.
The California-headquartered microinverter specialist announces private equity offering of 9,523,809 shares that have been sold to Chilean entrepreneur Isidoro Quiroga.
The U.S. microinverter specialist posted losses of $6.9 million in the third quarter but did manage to increase its revenue sequentially by 3% to $77 million.
The U.S. microinverter specialist has partnered with Indian solar module manufacturer Waaree to produce AC solar modules integrated with its microinverter technology.
The module and microinverter giants have worked together to introduce a new AC module comprising Enphase’s IQ6 microinverter affixed to JinkoSolar’s mono PERC modules.
In a move that caught some by surprise, the third member of the founding team at Enphase said he felt it was time for a new CEO to continue its global growth. The company expects to name a new CEO by Aug. 31.
Deal sees the U.S. microinverter specialist license its marketing, sales and manufacturing rights to Flextronics, one of the world’s largest global electronics manufacturers and a longstanding partner of Enphase.
Extension of long-term loan facility with Tennenbaum Capital Partners used to pay-down Wells Fargo line of credit and support Enphase’s expansion efforts for its home energy solution.
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