Enphase to shed 18% of workforce in latest restructuring drive
SEC filing outlines proposed changes, described by company CEO Paul Nahi as “necessary to create path to sustained profitability”. Restructuring will cost estimated $2 million and follows announcement last year of staff losses.
Enphase receives much-needed influx of cash
The struggling microinverter manufacturer, which has posted quarterly losses in every quarter since Q3 2015, received a $10 million bailout from two institutional investors.
MLPE makers go vertical sell more units
Solar microinverters and power optimizer suppliers are embracing off-the-shelf integrated solar AC and smart modules as landscape for the MLPE sector evolves and grows, according to an IHS Markit analysis.
Energy storage on the rise: New videos from pv magazine LIVE
We bring you interviews with Sonnen, Enphase and Ideal Power from the SPI 2016 trade show
Enphase switches CFOs
The microinverter leader’s change in financial management comes a week after the company reported its third consecutive quarter of losses.
Enphase reports third quarter of losses in Q2 2016
The microinverter maker has pursued price reduction to gain market share, but has not turned a profit since Q3 2015.
