Alternative Analyst
Value, solar energy, growth, long only

Putting A Price On A Rising Solar Newcomer

Pricing a company for an acquisition is never simple. Some valuation methods are an exercise in creative art while other methods are more structured. ABB Ltd (NYSE:ABB) completed the task recently by putting a value on the solar-inverter business of Power One (previously PWER). ABB is one of the most respected companies in grid energy control. If anyone knows that market, they do. When they made the decision to purchase Power One last year, it is likely that their analysis was quite thorough. This article will make the comparative case that Enphase Energy (NASDAQ:ENPH), a young company with few assets, has value comparable to the Renewables division (solar-inverters) of Power One based on superior revenue...

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