Enphase Energy Extends Tie-Up - Analyst Blog
04 April 2013 - 6:30PM
Zacks
Enphase Energy
Inc. (ENPH) has announced the extension of its strategic
partnership with Vivint Solar Inc. – a unit of Vivint Inc. – for
the year 2013. Enphase’s Microinverter system ably supplements the
solar system provided by Vivint Solar.
Vivint Solar is one of the fastest expanding solar companies in
North America due to its unique business model. This model allows
the customers to use solar power generally at cheaper rates than
what is offered by other utilities in the region.
Per the model, the customers allow their rooftops to be utilized by
Vivint Solar for solar cell installation. Vivint Solar will operate
and maintain these systems and incur all necessary expenses.
Customers in turn will have to enter into a power purchase
agreement (PPA) with Vivint Solar and buy the power generated by
the solar photovoltaic system installed on their rooftops.
For the proper utilization of the energy generated by the
photovoltaic cell, the use of an inverter system is essential.
Enphase Energy’s Microinverter system ensures the effective and
efficient use of the solar systems installed resulting in better
savings for customers.
Enphase Energy’s microinverter systems are gaining traction among
solar power generators. Recently, Ariz.-based Cambio Energy decided
to utilize Enphase’s cutting-edge Microinverter System for its
solar installation at the Tempe Plaza Solar project.
Enphase Energy is working hard to turn profitable since it started
to trade a year back, but is yet to report earnings in the green.
Enphase Energy currently carries a Zacks Rank # 5 (Strong
Sell). Other solar companies which are performing well and
have a positive Zacks Rank are Canadian Solar Inc.
(CSIQ), ReneSola Ltd. (SOL) and STR
Holdings Inc. (STRI). All these are better placed with a
Zacks Rank #2 (Buy).
Based in Petaluma, Calif., Enphase Energy, Inc. along with its
subsidiaries engages in the design, development, and sale of
microinverter systems for the solar photovoltaic industry.
CANADIAN SOLAR (CSIQ): Free Stock Analysis Report
ENPHASE ENERGY (ENPH): Free Stock Analysis Report
RENESOLA LT-ADR (SOL): Free Stock Analysis Report
STR HOLDINGS (STRI): Free Stock Analysis Report
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