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Enphase Energy (ENPH) to Deliver Inverter to Sunpro Solar
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Enphase Energy (ENPH - Free Report) announced that it has been selected by Sunpro Solarto be the exclusive inverter supplier. Sunpro Solar is a leading provider of rooftop solar to the Gulf Coast as well as Southeast regions. The company utilizes Enphase IQ microinverters and the full suite of Enphase IQ™ accessory products.
Enphase’s Microinverter System
The Enphase IQ Microinverter System simplifies solar installations and provides complete alternating current (AC) solution that utilizes no high-voltage direct current (DC). This provides a safe solar solution to homeowners.Enphase Energy introduced the seventh-generation microinverter in first-quarter 2018, which is light and compact in size as well as offers state-of-the-art power performance. The IQ 7 series of microinverter provides nearly 96.5% of efficiency with additional production of 23% compared with the existing microinverter series.
The company’s upcoming eighth-generation microinverters include Enphase Ensemble™ technology. The Enphase Encharge™ battery system, which is a new AC Combiner device with embedded Automatic Transfer Switch (ATS), will have a powerful cloud-based Enphase Enlighten™ monitoring and control system. This technology will provide a variety of choices to solar customers around the world and expected to boost the demand for Enphase microinverters.
Strategies to Grow Business
Enphase Energy is making strategic acquisitions or deals to enhance service quality and performances.To be able to integrate seventh generation IQ microinverter technology, the company acquired SunPower Corporation’s (SPWR - Free Report) Microinverter Business in June 2018. In July 2018, the companyannounced a deal with Werner Electric to expand its solar distribution network. In Sep 2018, the company signed an agreement with Flex Ltd. (FLEX - Free Report) .Per the agreement, starting from second-quarter 2019, Flex will begin delivering products produced at the company’s facility in Mexico to the U.S. market.
Renewable Energy has been gaining momentum globally. Solar, being the most popular renewable energy source, is expected to grow further in the future. The U.S. Energy Information Administration (EIA) expects solar generation to rise 24% from 211,000 MWh/d in 2017 to 263,000 MWh/d in 2018 and 10% to 289,000 MWh/d in 2019.
Enphase Energy is also conducting R&D to introduce new and better microinverters to serve existing and potential customers.
Price Movement
In the past year, shares of Enphase Energy have surged 225.0% compared with the industry’s rise of 9.2%.
Zacks Rank & Key Pick
Enphase Energy currently carries a Zacks Rank #3 (Hold).
NRG Yield came up with average positive earnings surprise of 186.85% in the past four quarters. The Zacks Consensus Estimate for 2018 earnings rose 13% in the past 60 days. The stock sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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Enphase Energy (ENPH) to Deliver Inverter to Sunpro Solar
Enphase Energy (ENPH - Free Report) announced that it has been selected by Sunpro Solarto be the exclusive inverter supplier. Sunpro Solar is a leading provider of rooftop solar to the Gulf Coast as well as Southeast regions. The company utilizes Enphase IQ microinverters and the full suite of Enphase IQ™ accessory products.
Enphase’s Microinverter System
The Enphase IQ Microinverter System simplifies solar installations and provides complete alternating current (AC) solution that utilizes no high-voltage direct current (DC). This provides a safe solar solution to homeowners.Enphase Energy introduced the seventh-generation microinverter in first-quarter 2018, which is light and compact in size as well as offers state-of-the-art power performance. The IQ 7 series of microinverter provides nearly 96.5% of efficiency with additional production of 23% compared with the existing microinverter series.
The company’s upcoming eighth-generation microinverters include Enphase Ensemble™ technology. The Enphase Encharge™ battery system, which is a new AC Combiner device with embedded Automatic Transfer Switch (ATS), will have a powerful cloud-based Enphase Enlighten™ monitoring and control system. This technology will provide a variety of choices to solar customers around the world and expected to boost the demand for Enphase microinverters.
Strategies to Grow Business
Enphase Energy is making strategic acquisitions or deals to enhance service quality and performances.To be able to integrate seventh generation IQ microinverter technology, the company acquired SunPower Corporation’s (SPWR - Free Report) Microinverter Business in June 2018. In July 2018, the companyannounced a deal with Werner Electric to expand its solar distribution network. In Sep 2018, the company signed an agreement with Flex Ltd. (FLEX - Free Report) .Per the agreement, starting from second-quarter 2019, Flex will begin delivering products produced at the company’s facility in Mexico to the U.S. market.
Renewable Energy has been gaining momentum globally. Solar, being the most popular renewable energy source, is expected to grow further in the future. The U.S. Energy Information Administration (EIA) expects solar generation to rise 24% from 211,000 MWh/d in 2017 to 263,000 MWh/d in 2018 and 10% to 289,000 MWh/d in 2019.
Enphase Energy is also conducting R&D to introduce new and better microinverters to serve existing and potential customers.
Price Movement
In the past year, shares of Enphase Energy have surged 225.0% compared with the industry’s rise of 9.2%.
Zacks Rank & Key Pick
Enphase Energy currently carries a Zacks Rank #3 (Hold).
A better-ranked stock in the same sector is NRG Yield, Inc. (CWEN - Free Report) .
NRG Yield came up with average positive earnings surprise of 186.85% in the past four quarters. The Zacks Consensus Estimate for 2018 earnings rose 13% in the past 60 days. The stock sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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