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Enphase Energy, Inc. (ENPH)

NasdaqGM - NasdaqGM Delayed Price. Currency in USD
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1.52+0.01 (+0.66%)
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  • S
    Solar
    Solar

    Indian ACM's.... https://globenewswire.com/news-release/2017/09/20/1124995/0/en/Enphase-Energy-and-Waaree-Energies-Join-Forces-to-Deliver-Smarter-Solar-in-India.html

    Enphase Energy and Waaree Energies Join Forces to Deliver Smarter Solar in India
    globenewswire.com
  • M
    Mr. Yang
    Mr. Yang
    Recent moves unjustified; market makers moving stock up to accommodate needed capital (dilution).

    LG & Jinko results? Not this quarter! According to previous conference call, their customer CED GreenTech represents approximately 18% of their sales - go to CED in San Diego (big solar market) and ask about LG and Jinko AC panels and look at the blank faces and listen to them mumble something about 'coming soon'. Where are they and why don't their employees know all the details? Where is the pump? Now look at their racks and see all of the Enphase product sitting on the shelves ... stuffed channel!

    I'm expecting another $10 million+ loss for Enphase in Q3 and more dilution (remember they just authorized more shares - do we think they authorized additional shares just to have them sit there while they burn through cash?).

    I'll buy after dilution speculating that they don't eventually go bankrupt and I applaud their recent management change but at current prices this stock is a bad bet at this time IMHO.
  • s
    sonnycoates
    sonnycoates
    Anybody have any thoughts on how the Suniva petition (if the ITC recommends tariffs) will affect Enphase, specifically the AC modules?
  • S
    Steven
    Steven
    I have a 10k system on my roof in St.Petersburg Florida.(solarworld 255 and 215 enphase on roof for 5 years) They are working great and have a $10.55 electric bill....normally 300 a month....When
    the storm(irma) came by all electric and solar went out for almost 7 days. Is it cheaper to buy a back up generator or
    do I have another option with battery backup? or is that too expensive at this time?

    I started buying enphase at 2.01 and purchased more all the way down to .81..Long holder
  • J
    JOHN
    JOHN
    While Enphase fans believe the new partnership with LG will help save the company and they party over the recent stock price blip, LG and SolarEdge announce a partnership that addresses the high end and which apparently leaves the LG and Enphase partnership to the low end.

    LG just announced their newest, most powerful and most efficient solar panel for residential applications and what technology do they pair it with? They pair it with SolarEdge Optimizers and not Enphase microinvertes.

    Do any Enphase fans even know why?

    "LG introduces 365-W solar panel to residential market

    By Kelly Pickerel | September 13, 2017
    LG Electronics brings its most powerful and energy efficient solar module technology to Solar Power International in the form of the LG NeON R. The new residential module, available in the US this month, creates a system with seamless installation and use, improved temperature coefficient and heightened visual appeal making it an all-around win for energy-conscious homeowners."

    Two PV powerhouses to offer industry-leading smart module solution
    09/11/2017
    LAS VEGAS, NV — SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in PV inverters, power optimizers and module-level monitoring services, and solar panel leader LG Electronics USA are debuting a joint smart module targeting the high-end residential and commercial PV rooftop markets in North America. On display at the 2017 Solar Power International trade show, the smart module solution, the first from the two powerhouses, is one of the most power-dense rooftop offerings on the market. It includes both add-on and embedded power optimizer options for both commercial and residential systems.

    “The PV industry is moving rapidly toward module-level power optimization to meet the cost, safety and performance requirements of the market. Adding the SolarEdge solution to our product portfolio will help us better serve our customers,” stated Stephen Hahm, Vice President and Head of LG Electronics USA’s Energy Solutions Business. “We put utmost priority on listening to the market and delivering the strongest products and partnerships to our customers.”

    “This joint offering represents a powerful step towards SolarEdge’s vision of all PV systems benefitting from module-level optimization,” stated Peter Mathews, SolarEdge’s North America General Manager. “Joining forces with a market leader like LG further solidifies the leading role of power optimizers in the MLPE sector.”

    The package combines SolarEdge’s inverters with LG’s NeON®R modules (with module efficiency up to 21.1%), P370 and P800 power optimizers for residential and commercial installations respectively, as well as free module-level monitoring. Benefits include no power clipping, increased efficiency, flexible array design and a multitude of racking options."

    LG claims their new NeON R is "an all-around win for energy-conscious homeowners."

    " the first from the two powerhouses,is one of the most power-dense rooftop offerings on the market."

    10 points for anyone who can explain why LG is pairing the new NeON R with SolarEdge Optimizers and not Enphase microinverters.

    As one poster here pointed out LG marketing muscle will now really help their favorite stock pick going forward.

    GLTA
  • B
    Boyplunger
    Boyplunger
    JOHN_beans_busted Hey JOHN how are you doing there? Still waiting for your $.85/share price? Busted......
  • B
    Boyplunger
    Boyplunger
    Since June, shortsellers have become more aggressive doubling the amount of shares shorted 2.8 mill to 5.5 mill. It is not looking good for them as shares continue to show strength. We just need stronger numbers more than stunning PRs.
  • B
    Boyplunger
    Boyplunger
    Hey JOHN take note!! This is going up faster than a diver's fart.
  • H
    HorsesRGR8
    HorsesRGR8
    Yesterday, Badri gave himself 1,000,000 option shares with a strike price of US$1.29
  • H
    HorsesRGR8
    HorsesRGR8

    ENPH Chart Analysis.......... Resistance at $1.53 Support at $1.40 and that's your price channel. https://claytrader.com/stock_chart/ENPH/?utm_source=social&utm_medium=stocktwits&utm_campaign=chart

  • B
    Brian
    Brian

    @dealwithit it's nice to be compliant again, I'm wondering if this gives some firms the green light to buy. Thoughts?

    http://investor.enphase.com/secfiling.cfm?filingID=1193125-17-288490&CIK=1463101

    @Solar, nice to hear from you, been thinking about you having to ride out hurricane Irma. Hope you pulled through okay.

    Enphase Energy - Current Report
    investor.enphase.com
  • T
    TheBurningMan
    TheBurningMan
    TDAmeritrade states this about enph:"*Nasdaq FSI: *Deficient: Issuer Failed to Meet NASDAQ Continued Listing Requirements". I assume this "was" due to the stock being under $1 and this will go away?
  • 2
    2planker110
    2planker110
    Anyone know why we're getting the action we are today? Definitely not complaining, just wondering if there's good reason behind it?
  • J
    JOHN
    JOHN

    First time we see Badri with a smile on his face.

    He has his work cut out for him.

    From Business 101 - How not to compete and cut your own throat: "dropping its prices below the cost of production to gain market share"

    "Kothandaraman comes at a time when Enphase is fighting an uphill battle to regain profitability and position in the market, after a difficult restructuring process which included dropping its prices below the cost of production to gain market share. The microinverter maker is particularly struggling against SolarEdge, whose module-level electronics provide many of the features that microinverters do, and who has rapidly taken over the U.S. market.

    Online solar marketplace EnergySage’s recently released H1 2017 Solar Marketplace Intel report shows SolarEdge and Enphase together taking over 3/4 of the U.S. residential market. And while Enphase gained share during 2016, the report shows a decline in the company’s share in the first half of 2017."

    https://pv-magazine-usa.com/2017/09/06/enphase-appoints-new-presidentceo-from-cypress-semiconductor/

    Enphase appoints new president/CEO from Cypress Semiconductor
    The company has replaced CEO Paul Nahi, who abruptly stepped down a month ago, with an executive from the semiconductor industry
    pv-magazine-usa.com
  • J
    JOHN
    JOHN

    As SPI 2017 opens, one stock pops while the other drops and a new competitor emerges.

    There is a micro inverter company on the show floor that has out-scored Enphase in terms of efficiency.

    The biggest microinverter firm you have never heard of.

    "One module per micro inverter is easy, four at a time is not quite so simple."

    https://www.pv-tech.org/editors-blog/the-biggest-micro-inverter-firm-you-have-never-heard-of

    The biggest micro inverter firm you have never heard of
    The big names are out in force at SPI but don't overlook some of the smaller names with big ideas. John Parnell talks to one such company on the showfloor at SPI 2017.
    www.pv-tech.org
  • A
    Andrew
    Andrew
    This stock is a joke. Lost 90 of its value since the IPO. Maybe if Humberto stayed away from the tacos and burritos and hit the gym once in a while he may have more mental energy and focus. At this point I would suggest they replace the entire management team.
  • S
    Solar
    Solar

    With super-efficient Eagle 60 Mono-PERC modules from Jinko (that are optimal for space-constrained applications) combined with an advanced Enphase microinverter and sixth-generation Enphase IQ™ System, the Flex House solar system blends high performance with reliability and unmatched intelligence. http://www.greenbuildermedia.com/blog/flex-house-expected-to-shine-bright-in-vegas-at-solar-power-international?utm_content=60100472

    Flex House Expected to Shine Bright in Vegas at Solar Power International
    Green Builder Media and Shelter Dynamics are bringing the Flex House to Solar Power International next week.
    www.greenbuildermedia.com
  • d
    dealwithit
    dealwithit
    For those still waiting on the sidelines for an equity raise to tank the stock so they can buy in cheap I'd say you have a long wait ahead of you.

    Why?

    ENPH still has 30M cash in the bank (required to have 10M by their loan covenants) . So they start out with a 20M cushion.

    Now those that follow the SA author ''Mr. Cash Flow I Don't Know'' will probably hark on the fact ENPH's inventory dropped 13M last quarter, bailing them out for at best one more quarter (which was his conclusion).....well, other than his first conclusion they'd be broke the 2nd week of July.

    The problem is while he was right (it was a one time thing), it's not a temporary move. It's permanent. They stated they were going to lower inventory from the 60 days the Nahi regime saw as normal to 30 days. So it's not going to jump right back up next quarter. And that is a BIG difference.

    But then he points out they are out of tricks and with more losses coming this quarter concludes an equity raise, while avoided by ''desperate'' measures the last quarter will absolutely positively have to occur this quarter.

    My thinking is once again he's wrong (nothing new there).

    Why?

    Well, if you look at ENPH's balance sheet for the last few years and actually understood what you were looking at/for (he doesn't) you'd notice two numbers that have been very similar through the years.

    That would be A/R and A/P.

    In the years 2014 to 2016 they've been very close to each other.

    Last quarter A/R was 15M ahead of A/P.

    If you move that to the ''cash'' column now you have 45M in cash (or a 35M buffer).

    From there, yes Q3 will show a loss (probably 6M or so as restructuring and paying Nahi off will come into play) but with
    a 35M buffer that is in no way a problem.

    Then we look to quarter 4 where they state they will start generating cash (ending the forced equity argument).

    At that point the only reason to raise cash would be to fund growth. I just don't see this as necessary either.

    Sure, they will grow, but my guess is most of that growth will come from their A/C modules (who their partners will pay for the marketing and inventory expenses).

    So those that believe an future equity raise here is a given....I just don't see it. The way I see it the most expensive money on the planet right now would be ENPH selling stock near their current market cap. If the future really is bright (which I have to believe Badri and Rodgers feel), who on earth would want to give away shares now (if circumstances don't force it)?
  • J
    JOHN
    JOHN

    "Companies seeing better demand" Edwin Mok

    Recent SPI News from the Fly.

    SolarEdge competitive position strong, says Needham After attending the Solar Power International conference, Needham analyst Y. Edwin Mok says that companies are seeing "better demand trends within the U.S. and several international markets." He adds that prices remain strong in China, and he does not expect the outcome of the section 201 case to have a major impact on the sector. The analyst sees SolarEdge as "a clear winner," as he predicts that Huawei will focus on larger deals and "will not be too competitive on pricing." The analyst adds that SolarEdge has "solid traction..in commercial markets." He keeps a Buy rating on the shares.

    Read more at:
    https://thefly.com/landingPageNews.php?id=2608566

    SolarEdge competitive position strong, says Needham SEDG - The Fly
    Designed by market professionals, thefly.com has been reporting unbiased market intelligence to both professional and individual investors for more than 12 years. With information directly sourced from Wall Street traders, brokers, and institutional
    thefly.com