Enphase Energy (ENPH) Updates on Restructuring, Cost Savings Efforts; Guides Q3, Q4

Enphase Energy (ENPH) Prices 13M Stock Offering at $1.20/Share

Enphase Energy Inc. (Nasdaq: ENPH), announced the pricing of the previously announced underwritten public offering of 13,000,000 shares of its common stock, offered at a price to the public of $1.20 per share. Certain directors, officers, and employees of Enphase are expected to purchase approximately $1.2 million of common stock in this... More

Needham & Company Remains Sidelined on Enphase Energy (ENPH)

Needham & Company reiterated a Hold rating on Enphase Energy (NASDAQ: ENPH) following the company's announced new restructuring initiatives, preliminary 4Q16 guidance, and launched secondary equity offering. ENPH expects to record $3MM of restructuring charges in 3Q16 and the program will complete in 4Q16. For 4Q16, the company guided... More

Roth Trims PT on Enphase Energy (ENPH) to $1.50 Amid Restructuring, Equity Offering

Roth Capital cut its price target on Neutral-rated Enphase Energy (NASDAQ: ENPH) from $1.80 down to $1.50 after the company announced restructuring plans and an equity raise on Thursday night.

Analyst Philip Shen commented today: Shares fell sharply during after-hours trading. While... More

Enphase Energy (ENPH) Announces Offering of Common Stock

Enphase Energy, Inc. (NASDAQ: ENPH), today announced that it intends to offer and sell shares of its common stock, subject to market and other conditions, in an underwritten public offering. Enphase also expects to grant the underwriters a 30-day option to purchase... More