Needham & Company Remains Sidelined on Enphase Energy (ENPH)

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

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

After-Hours Stock Movers 09/22: (MIFI) (BATS) (IMPV) Higher; (ENPH) (IPCI) (AIR) Lower (more...)

Today's After-Hours Movers

Novatel Wireless (Nasdaq: MIFI) 28.9% HIGHER; announced that it has entered into an agreement with T.C.L. Industries Holdings, a Hong Kong company (TCL), whereby Novatel Wireless will sell to TCL its mobile broadband business (including its MiFi® branded hotspots and USB modem product lines) for a cash payment of US $50,000,000 payable at closing. The closing of the transaction is subject to the receipt of various regulatory authority approvals, as well as the approval of Novatel Wirelesss stockholders and convertible noteholders.... 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

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

Enphase Energy, Inc. (NASDAQ: ENPH) announced restructuring and cost savings initiatives that are expected to result in approximately $20 million of annualized operating expense savings.

Enphase is reducing approximately 11 percent of its global workforce and eliminating certain non-core projects. The Company expects to incur aggregate restructuring charges in the third quarter of 2016 of approximately $3.0 million, including approximately $1.7 million in cash-based severance and related benefits, and approximately $1.3 million in non-cash expense for asset impairments and write-offs related to property and equipment. The restructuring actions are expected to be completed in the fourth quarter... More