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
Deal sees the U.S. microinverter specialist license its marketing, sales and manufacturing rights to Flextronics, one of the world’s largest global electronics manufacturers and a longstanding partner of Enphase.
The U.S. microinverter manufacturer reported a lower than expected revenue in the latest quarter, with shipments decreasing slightly year-on-year. The company, however, was able to strenghten its cash position after implementing a restructuring plan in the previous quarters.
Latest market data from analysts shows that Huawei shipped the most inverters last year, followed by Sungrow, while SMA, Huawei and SolarEdge pulled in the most revenue worldwide.
As loans increasingly replace third party solar as the dominant business model for residential solar, the landscape of loan providers is also growing more diverse.
The Enphase IQ microinverter is around 30% lighter than previous iterations and will serve to usher in Enphase Energized AC Modules to the U.S. residential solar sector.
The company appears to be making progress with its restructuring, as it continues to launch increasingly sophisticated home energy solutions.
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