Changes at Enphase Energy bode well for the future.
Enphase Energy is a public company, listed on the NASDAQ stock exchange. After posting some financial losses in recent years, significant changes at Enphase Energy in recent months and the launch of the latest 6th generation microinverter have sparked a more positive outlook for the company in 2017.
Enphase raised $15m capital from the stock market and restructured their debt in 2016 and this saw a significant drop in their share price. However, things turned around in early 2017 when two highly respected Silicon Valley investors personally took a $10m stake in the company and in one case, a seat on the board of directors. Since this time there have been significant internal cost reductions implemented, and an announcement just this week of the appointment of a veteran Silicon Valley executive to the position of Chief Operating Officer. With the new lower cost 6th generation IQ6 and IQ6+ microinverters now rolling off the production line (initially for sales just in the US) the company is expected to be generating profits again within the next few quarters and offering customers an even more compelling value proposition.