Enphase CEO Paul Nahi steps down during second-quarter earnings call
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.
Enphase Energy signs license agreement with manufacturing partner Flextronics
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.
Enphase finalizes $50m refinancing package
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.
Enphase job losses to largely impact Californian HQ
Around 75 jobs will be lost during the microinverter specialist’s restructuring drive, which reflects increased price pressure across the segment, both globally and in the U.S.
Enphase to shed 18% of workforce in latest restructuring drive
SEC filing outlines proposed changes, described by company CEO Paul Nahi as “necessary to create path to sustained profitability”. Restructuring will cost estimated $2 million and follows announcement last year of staff losses.
