This week I will cover the results for Enphase. The company reported $74M in Revenue and a loss of $0.14 per share. The results also included some interesting number changes. The first is that the company grew total cash by $1M. This was ac
Enphase shoots self in foot once again.
IMPORTANT: Enphase IQ Envoy and IQ 6 and IQ 6+ Micros do not communicate with, and should not be used with, previous generation Enphase Microinverters and Envoys. The Q Aggregator and other Q accessories work only with Enphase IQ 6 and/or IQ 6+ Microinverters.
Well this is s nice little surprise. Keep choo-chooing up!
The IQ6, base model, is now available for sale at Revue (just showed up).
124 dollars if you buy one and dealer pricing is about 110.
Jinko should not be far behind now, coming out with their A/C modules (maybe two months until they are out in bulk).
LG should be out by SPI (Sept 10th).
While our resident bashers see no value in this product clearly LG, Jinko, ENPH and SPWR see great value.
My thinking is it gives ENPH the potential benefit that SCTY gave SEDG. Jinko and LG sell their panels in markets ENPH has yet to penetrate (and where SEDG is cleaning up). All that will change now...and really change when they hook the IQ7 comes out.
In the meantime the first hint of success will come from LG, since they are out first. Still can't find one of those for sale yet...so no street price. The lowest price I can find their LG panel is 308 right now and the IQ6 plus 130. Let's see if the street price (lowest) comes in at that number or lower.
Enphase IQ6 Microinverter IQ6-60-2-US for 60-cell | RENVU
Enphase IQ6 Microinverter IQ6-60-2-US for 60-cell PV modules, Enphase IQ System, Integrates w/ Enphase IQ Envoy, Enphase IQ Battery, and Enphase Enlighten software.
Question for the board.
When will enphase shares hit a bottom? Or are we in a permanent bottom?
Solar has taken off.
ENPH profitable in Q3/17 - Yes, using current guidance its possible.
Rev 80, Opx 16.5, GM 21 = 300K profit.
2% GM hit this quarter to pay expedite fees to finally get IQ shipping translates into a 1.6 million so without that its highly likely Q3/17 would be profitable for sure.
Cypress Semiconductor announces iCloud integration for its IoT dev platform
Cypress Semiconductor (NASDAQ:CY) announces iCloud integration to its updated IoT turnkey development platform, which simplifies wireless integration for smart home devices. The Wireless Internet Con
In the short-term ENPH does not seem to be like a good trade. awe-some*sto-cks recently alerted this company i think. google them.
Paul Nahi seriously FOS.
"Enphase CEO Paul Nahi has said that the “unique” modularity of the company’s battery solution could be “incredibly valuable” to help it to meet the needs of customers in regions including Australia, where there is a “real economic case” for energy storage."
By comparison, and to show the effect SEDG's lawsuit has had, here is a video ENPH produced when they released details of their new IQ system which was released about one year ago. It has about the same number of hits after one year as the lawsuit video has in one month.
"Axiom maintains Buy ratings on FSLR and Canadian Solar (NASDAQ:CSIQ), while rating JA Solar (NASDAQ:JASO) as a Hold. and Yingli Green Energy (NYSE:YGE) and SOLAREDGE TECHNOLOGIES (NASDAQ:SEDG) at SELL."
For our friend _Beans. Let's see how low it goes tomorrow.
Q3 bad news for Enphase fans.
Solar Eclipse Blackout Sale. Free SolarEdge inverter offer good till 8/21/17.
The Enphase IQ systems looks very expensive by comparison. At $625, the IQ Envoy (only 5 year warranty by the way) is almost as expensive as an HD Wave Inverter (12 year warranty and free until 8/21) and the IQ micros at $168 each are very expensive compared to Optimizers. Then add the special Q cabling.
Wholesale Solar: Enphase IQ Envoy - Wholesale Solar
For those that think LG effort with Enphase is just a thrown together attempt to see how the AC module will play out (not really a full on effort) then this video should be enlightening as our former beloved leader goes into the details of their relationship. Go to the 11:20 mark...and it only last for three minutes or so but has plenty of good info.
For instance...I had no clue the polymeric case of the IQ series was designed specifically for the AC modules (and Dow assisted int he technology of it) to reduce the heat transfer rate.
Enphase CEO, Paul Nahi, Keynote Address at 2017 BayWa r.e. Solar Systems' Partner Summit
Paul Nahi, CEO, Enphase, delivered a timely and inspiring keynote at BayWa r.e.'s 2017 Partner Summit. "The companies that make it through this are going to ...
Good overview of ENPH's 2Q results and CEO developments from GTM. I believe it's quite obvious ENPH has turned the corner and is headed for profitability. Profitability will lead to a reevaluation of the share price/market cap. ENPH is priced as if it is going bankrupt. It isn't. It will remain a strong contender is a growing market. The share price will eventually reflect that.
Enphase CEO Resigns as Microinverter Maker Shows Improvement in Second Quarter
CEO Paul Nahi is out after 10 years at the helm, but restructuring indicates a path out of financial crisis.
Why did Nahi finally get pushed out the door?
My thinking is initially the BOD wanted to keep him. He's a very personable guy....clearly a salesman at heart.
The problem is as they went through the basics of restructuring (forced on them by the Rodgers investment) it became more clear each passing day just how incompetent as a manager he actually was. Just take their basic inventory level as an example....for years it's been at 60 days and now suddenly after just a few months they can cut it down to 30 days (freeing up 20M in cash for other purposes). Their over all OPEX has gone from 30M a quarter to now 18M...without any hit to their core products. How is that possible?
I just think as each day passed the evidence became more and more overwhelming of just how far out of his league Nahi was when it came to running an efficient operation. At some point the BOD could no longer turn their head and be swayed by his charisma and made the decision to remove him. At that point it was just a matter of how much it was going to cost to get rid of him.
In the end I'm OK with his severance package......maybe around 1.5M total. He doesn't deserve it, but a peaceful leaving without lawsuits and name calling is worth the price.
One of the major questions his leaving is going to be is the effect it will have on Rodgers, if any. So far he has been like the puppet master, making moves in the background but staying quiet to the point where many investors believe his investment was strictly a passive one (including the ''WE GUY'' over on SA). With the voice of Nahi now silenced will Rodgers come out of the shadows and be heard...or just remain content to move strings in the background?
How he plays it will have a major effect on the share price.
As for today's trading...I don't like gaps. I'd just as soon it get filled sooner rather than later. Nahi leaving clearly is going to mark a turning point just as much as the day they turn profitable. At this point I'm about 90% certain that day is coming.