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Enphase Energy, Inc. (ENPH - Snapshot Report) has become an inverter partner of CertainTeed for new Solstice AC Solar Roofing System. CertainTeed is one of the leading building materials manufacturers and has a wide customer base of roofing contractors in North America.
After a comprehensive competitive evaluation, CertainTeed chose Enphase as its exclusive inverter partner as Enphase’s microinverter systems’ have long-term, system-wide performance benefits, reliability and monitoring.
The Solstice AC Solar Roofing System of Enphase M215 microinverter mounted directly to a SolarWorld 250-watt photovoltaic (“PV”) module. It is monitored by Enphase’s Enlighten software.
Enphase M215 Microinverters work mostly with 60-cell solar modules and generally have a 20-year limited warranty. The Enphase Microinverter System features Enphase M215 Microinverters, the Envoy Communications Gateway and Enlighten web-based monitoring and analysis software. This provides increased design flexibility, simplified installation and remote system management to the solar systems.
Enphase has shipped over 2.6 million microinverters to customers in Europe and North America. Recently in October, Enphase announced that its Enphase Microinverter System will be available throughout the United Kingdom through authorized distributors. The AC Solar Roofing System is expected to come on-line in November 2012.
Enphase continues to experience significant year-over-year revenue growth. During the third quarter of 2012, the company’s total revenue came in at $60.8 million, up from $44.7 million in the year-ago quarter. Besides focusing on critical research and development activities that improve product quality and foster innovation, the company continues to invest significant resources to develop new product offerings, and expand its operations into new product markets.
Further, as a partner of CertainTeed, Enphase can also be chosen for other ongoing solar projects based on the performance of the Enphase microinverters. However, the whole solar industry is surrounded by the imbalance between demand and supply, which would affect the demand for microinverter systems. The company presently retains a short-term Zacks #2 Rank (Buy).
Based in Petaluma, California, Enphase Energy, Inc. designs, develops, and sells microinverter systems for residential and commercial solar system owners. Its microinverter system consists of three components, Enphase microinverter, an Envoy communications gateway device, and Enlighten Web-based software platform. The company sells its microinverter systems primarily to distributors, who resell them to solar installers through original equipment manufacturers and strategic partners; and directly to large installers.
Some of the peers of Enphase Energy are SunPower Corporation (SPWR - Analyst Report) and Canadian Solar Inc. (CSIQ - Analyst Report).