[odyd 1,340]

To discuss this company

[explo 648]

Anyone following this company? Traded in low teens beginning of this year and now in low single digits. 

Q3 ER: http://finance.yahoo.com/news/enphase-energy-reports-financial-results-210500090.html

Entering price war to retain market share: http://www.pv-tech.org/news/enphase_entering_price_war_as_sales_growth_slows_and_competition_heats_up

 

 

[explo 648]

More here: http://www.pv-magazine.com/news/details/beitrag/enphase-cuts-prices-by-19-to-alleviate-weak-q3-sales-growth_100021871/#axzz3qX68vbMK

This price war between ENPH and SEDG is not good for them, but good for developers/installers and maybe for panel makers (system cost is pressured in other part of value-chain).

 

[Julyw 18]

Recently I took a position in ENPH and I'm planning to add to it. Enphase is not just inverters but Storage and I think their lowering price on inverters while still making a mid twenties margin in Q4 with plans to increase GM through cost reduction they plan to be back in a range of 30-35% GM. They are aggressive and they are unlike SEDG where all they do are inverters and optimizers. I think lowering the micro-inverter that they make may be in part about being competitive but more about broadening market share which gives them a broader market to showcase and sell their Storage to.

 

Edited November 5, 2015 by Julyw