Through the deal SunPower gets $25 million and stock; however the bigger deal may be Enphase’s right to be the company’s exclusive residential inverter supplier.
The microinverter maker is reporting only modest losses in its Q1 results, a significant improvement from a year ago.
The company has registered as a lobbyist with K Street’s most experienced WTO law firm – Sidley Austin LLP.
The struggling microinverter maker narrowed losses considerably in Q4, as it unveils new products and expands in new markets.
Market roll out of Panasonic’s HIT modules fitted with Enphase Energy’s new IQ7X Microinverter penciled in for May in North America, Enphase confirms.
The California-headquartered microinverter specialist announces private equity offering of 9,523,809 shares that have been sold to Chilean entrepreneur Isidoro Quiroga.
The microinverter specialist posted losses of $7 million in the third quarter but did manage to increase its revenue sequentially by 3% to $77 million.
The microinverter maker has regained compliance with NASDAQ listing rules, but is still on uncertain ground financially.
The company has replaced CEO Paul Nahi, who abruptly stepped down a month ago, with an executive from the semiconductor industry
Saying the company failed to provide sufficient evidence to support any of its claims, a court refused to grant a preliminary injunction to stop Enphase from running the advertisement in question.
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