Mr. Daniel Loeb - Please save Enphase - Fire the CEO and CTO
You said, ---No new product launched in 2 years---
But what about that gang-buster thermostat and that hot new meter! LOL.
I'll bet those are just flying off the shelves.
They have launched new products and that is why you are so right that they need to fire these arrogant guys. They're a specialty boutique microinverter company acting like Apple but with ZERO subscriber revenue.
Even if they axe these guys I fear it is too late to recover share price. All investments were made while Enphase enjoyed the growth spurred by a super cheap panel market. We're past that now.
The $350 Enphase Environ Smart Thermostat isn't selling because you can buy the EXACT same one at Home Depot for $100 (Filtrete), both are obviously OEM from the same Chinese thermostat company. The Enphase one integrates with Enlighten, and the Home Depot one comes with free a web/smart phone app. I don't know why ANYONE would buy the Enphase thermostat for over 3x the cost. Another wasted development effort.