After pricing its 9M share IPO at $6, Enphase Energy (ENPH) opened at $7.40 and is now trading...


After pricing its 9M share IPO at $6, Enphase Energy (ENPH) opened at $7.40 and is now trading at $7.32, up 22%. That gives gives the maker of solar microinverters a valuation of $273M. Enphase generated 2011 revenue of $149.5M (+143% Y/Y), but also a net loss of $32.3M. Its solutions convert power more efficiently than traditional solar inverters from the likes of SATC and PWER, but are also costlier. (S-1)

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Comments (4)
  • Tony Petroski
    , contributor
    Comments (6356) | Send Message
     
    Finance anyone?

     

    Why price an IPO at $6.00? Ease the transition to five cents?
    30 Mar 2012, 11:50 AM Reply Like
  • Windsun33
    , contributor
    Comments (4419) | Send Message
     
    This is one of the very few solar related stocks worth looking at for right now I think. Not tied to any one type or brand of solar panel, works with most, and the cheaper panels get the better it is for micro inverters.
    30 Mar 2012, 02:00 PM Reply Like
  • Helpmetrade
    , contributor
    Comment (1) | Send Message
     
    I am a small solar sales/installation contractor. I use these on all my jobs!!! I believe that this is the future of photo voltaic solar installations. I am hopefull that the companies business side is as good as the product.
    4 Apr 2012, 01:10 PM Reply Like
  • Windsun33
    , contributor
    Comments (4419) | Send Message
     
    It is one of the few inverters that can be done easily by the "guerilla solar" (ie, baypassing the increasing red tape of permits) people for smaller systems. We have been seeing a few more of those lately.

     

    The system cost for large systems is a bit more, but is often offset by lower install costs and easier permitting for the "legal" systems.
    4 Apr 2012, 01:14 PM Reply Like
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