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Enphase Energy to buy SunPower’s microinverter business

Jun. 12, 2018 4:15 PM ETEnphase Energy, Inc. (ENPH) StockBy: Carl Surran, SA News Editor70 Comments
  • Enphase Energy (NASDAQ:ENPH) +16% after-hours following news it has agreed to acquire SunPower’s (SPWR) microinverter business for $25M in cash and 7.5M ENPH common shares.
  • The companies say the five-year agreement will accelerate global adoption of AC Modules as the de facto residential solution.
  • ENPH says it expects to add $60M-$70M in annualized revenue in H2 2019 at a 33%-35% gross margin.

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