While the microinverter maker is still the target of an aggressive short, Roth Capital Partners has reiterated its “buy” at $6.50 per share, describing the IQ8 as a “game changer”.
The deal gives SunPower $25 million in cash and 7.5 million shares in Enphase. Enphase also gains access to SunPower microinverter IP, and rights to SunPower’s Equinox AC modules line.
The inverter and power optimizer maker showed 67% year-over-year revenue growth and shipped 985 MW of inverters but missed earnings projections by 2%.
The U.S.-based company has brought its operating margin to below -1%, as it fends off component shortages, short sellers and potential tariffs.
Local production of its Power Skid central inverter platform delivers a host of benefits when meeting surging demand claims SMA. Local jobs add icing to the cake, says SMA’s Bernhard Voll in an interview in advance of a webinar on the new product.
In what marks another major PV project announcement for Vietnam, the Germany-based company will supply equipment for a 258 MW PV system, and commission it upon its completion, scheduled for mid-2019.
German inverter giant SMA has partnered with Melbourne’s Wilson Transformer Company (WTC) to develop a central inverter solution specifically for Australian utility scale projects. The new Power Skid will be assembled in Australia, with WTC providing the medium and low voltage switchgear – among other componentry.
Farms affected by power outages in the McKinlay Shire, north-western Queensland, can now go off grid – through a new solar+storage containerised solution from Germany’s Intech.
Enphase Energy has announced the release of the seventh generation of its microinverters to Australia and New Zealand. The IQ 7 and IQ 7+ replaces the S-Series. It is 47% lighter, offering easier handling on the roof.
On the back of the massive supply deal, the Spanish manufacturer has announced it has crossed the 1 GW threshold for photovoltaic inverter shipments to Australia.
This website uses cookies to anonymously count visitor numbers. To find out more, please see our Data Protection Policy.
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.