Why Would Top-Rank Entrepreneur T. J. Rodgers Want To Join Enphase?

TJ Roberts profile picture
TJ Roberts
2.98K Followers

Summary

  • Mr. Rodgers has a great reputation for creating shareholder value.
  • Enphase's high-volume manufacturing will surpass strings plus optimizers.
  • Enphase has the most reliable solar solution.
  • Enphase's marketshare is growing.
  • Enphase's successful miniaturization of inverter technology is revolutionary.

Visionaries see potential before anyone else does, and that is why they are so admired. Your Henry Ford, Thomas Edison and Steve Jobs with their entrepreneurial spirits have turned visions into reality. On January 10, 2017, a lesser-known visionary, T. J. Rodgers, founder of Cypress Semiconductor (CY) and KPCB Chairman John Doerr, invested $10M in Enphase Energy (NASDAQ:ENPH), and Mr. Rodgers assumed an active seat on the Board with the title, "Director of Enphase Energy". The $10M investment was an unexpected windfall for Enphase, even though it still came with a future dilution. Still, having a seat on the Enphase board filled with a veteran CEO with a proven track record of success, Enphase could not have done any better in getting T. J. Rodgers to fill that seat. And for the shareholders of Enphase, the excerpt from EE Times on 4/28/2016 should give them some serious comfort:

"Rodgers has often described himself as a passionate defender of 'shareholder rights'; he has addressed the subject repeatedly in his speeches and writings".

Reviewing Mr. Rodger's Wikipedia list of accolades and accomplishments - Top 100 CEOs, CEO of the Year Award, et cetera, just beg the questions: Why Enphase Energy, and why involve McKinsey? Maybe it is due to the inception of Enphase's Home Energy Solution in an IoT-based world, and even more so to the successful miniaturization of power conversion by Enphase with its microinverter designs, that a semiconductor industry veteran like Mr. Rodgers has taken a serious interest; for with new growth opportunities being created by Enphase globally, along with new revolutionary microinverters using cutting-edge wide-bandgap (WBG) and ASIC solutions being released in high volume, surely this is not the sign of a company that has run out of gas! No, Enphase Energy is going to make a serious

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TJ Roberts profile picture
2.98K Followers
I've written research articles on Enphase Energy (ENPH), Alpha & Omega Semiconductor (AOSL), Profound Medical (PROF), Enovix (ENVX), Katapult (KPLT) and Amprius (AMPX).  Enphase has been by far my most successful endeavor, and their energy systems are the best in terms of reliability, safety, performance and longevity.  My articles on Amprius and Enovix spotlight an incredibly bright future for these battery companies that could offer a huge return for investors.  My article on Lease-to-Own company, Katapult (KPLT), discusses a beat-down company that is starting to show signs of life with 2023 being their pivotal year.  Please enjoy my articles, and as always, do your own due diligence.  Good luck!

Disclosure: I am/we are long "ENPH". I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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