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.
In a move that caught some by surprise, the third member of the founding team at Enphase said he felt it was time for a new CEO to continue its global growth. The company expects to name a new CEO by Aug. 31.
In this guest post for pv magazine USA, Enphase co-Founder and VP of Products and Strategic Initiatives Raghu Belur looks at the future of residential solar inverters versus AC modules, drawing parallels from the personal computing industry.
The court rejected SolarEdge’s request for a temporary restraining order but did order an expedited schedule to hear whether the company should get a preliminary injunction to stop Enphase from running the videos.
The warning from NASDAQ follows financial difficulties at the microinverter pioneer
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