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ENPH

Enphase Energy

$5.69

-0.05 (-0.87%)

, SPWR

SunPower

$7.32

-0.07 (-0.95%)

17:02
08/09/18
08/09
17:02
08/09/18
17:02

Enphase Energy completes acquisition of SunPower's microinverter business

Enphase Energy (ENPH) and SunPower (SPWR) announced that Enphase has completed the previously announced acquisition of SunPower's microinverter business for a total of $25M in cash and 7.5 M shares of Enphase common stock. Key anticipated benefits and highlights of the acquisition include: Advances AC Modules as the future of residential solar; Enhances SunPower's Equinox Home Solar System with a custom line of Enphase's IQ microinverters for use with SunPower AC Modules; Adds over 140 patents to enhance Enphase's strong IP portfolio; $15M of cash purchase price funded from Enphase's balance sheet at closing and $10 million of cash purchase price to be funded by 12/28 "We are excited to close the acquisition of SunPower's microinverter business ahead of plan," said Badri Kothandaraman, president and CEO of Enphase Energy. "We now expect volume shipments of IQ 7XS microinverters in the fourth quarter of 2018 and an acceleration of the ramp throughout 2019. The business is on track to achieve its full revenue and gross margin potential. ACM is a significant component of our profitable top line growth strategy. We look forward to being a strong innovation partner for SunPower."

ENPH

Enphase Energy

$5.69

-0.05 (-0.87%)

SPWR

SunPower

$7.32

-0.07 (-0.95%)

ENPH Enphase Energy
$5.69

-0.05 (-0.87%)

06/13/18
RILY
06/13/18
NO CHANGE
Target $7.5
RILY
Buy
Enphase Energy price target raised to $7.50 from $6 at B. Riley FBR
B. Riley FBR analyst Carter Driscoll raised his price target for Enphase Energy to $7.50 citing the accretive acquisition of SunPower's microinverter business. The analyst views the deal as more of a strategic partnership and keeps a Buy rating on Enphase.
06/13/18
HCWC
06/13/18
NO CHANGE
Target $9
HCWC
Buy
Enphase Energy target raised to $9 following acquisition at H.C. Wainwright
H.C. Wainwright analyst Amit Dayal raised his price target for Enphase Energy to $9 from $8 after the company signed an agreement to acquire SunPower's microinverter business for $25M in cash and 7.5M in common stock. The deal is a positive for Enphase as it supports the company's revenue growth initiatives and gross margin improvements without adding too much in operating expenses, Dayal tells investors in a research note. He keeps a Buy rating on the shares.
06/15/18
ROTH
06/15/18
NO CHANGE
ROTH
Enphase, SolarEdge inverters won't be subject to 301 tariffs, says Roth Capital
After the U.S. Trade Representative released two lists of products that will be subject to 25% tariffs under the Section 301 investigation, Roth Capital analyst Philip Shen noted that the lists did not include solar inverters, cells, or modules. He does not believe imported inverters from Enphase Energy (ENPH), SolarEdge (SEDG) and others will be subject to 301 tariffs, though he notes that solar cells and modules will continue to be impacted by the Section 201 and AD/CVD tariffs. Other publicly traded companies in the solar space include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE).
08/01/18
RILY
08/01/18
NO CHANGE
Target $7.5
RILY
Buy
Enphase Energy weakness a buying opportunity, says B. Riley FBR
B. Riley FBR analyst Carter Driscoll views the post-earnings weakness in shares of Enphase Energy as a buying opportunity. Enphase rebuked the short report and the upcoming analyst day, which will unveil a differentiated iQ8 microinverter, provides catalysts, Driscoll tells investors in a research note. He keeps a Buy rating on the shares with a $7.50 price target.
SPWR SunPower
$7.32

-0.07 (-0.95%)

06/11/18
BARD
06/11/18
DOWNGRADE
Target $7
BARD
Neutral
SunPower downgraded to Neutral at Baird
As reported previously, Baird analyst Ben Kallo downgraded SunPower to Neutral from Outperform as he believes the stock is too difficult to own in the current market. The analyst said he still likes the management team and execution, but he believes it will be challenging for the company's premier product to command higher average selling prices if an oversupply environment were to materialize. Kallo lowered his price target to $7 from $10 on SunPower shares.
06/19/18
FBCO
06/19/18
UPGRADE
Target $53
FBCO
Neutral
Credit Suisse upgrades First Solar to Neutral amid 'overblown' Section 301 fears
As previously reported, Credit Suisse analyst Michael Weinstein upgraded First Solar (FSLR) to Neutral from Underperform, noting that solar manufacturers and developers' stocks have recently slumped on concerns about the fresh round of "Section 301" tariffs on Chinese imports. However, he thinks the negative reaction is "overblown" for the space, and "even more overblown" for First Solar, which Weinstein notes doesn't have any Chinese factories and actually stands to benefit from tariffs on competing products. He maintains a $53 price target on First Solar shares. Other publicly traded companies in the solar space include Canadian Solar (CSIQ), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE).
06/25/18
06/25/18
UPGRADE
Target $63

Buy
First Solar upgraded to Buy on 'most bullish possible' IRS guide at BofA/Merrill
As previously reported, BofA Merrill Lynch analyst Julien Dumoulin-Smith upgraded First Solar (FSLR) to Buy from Neutral, stating that the latest IRS tax guidance allowing for up to 4-year ITC extension on solar projects with commence construction qualification was " the most bullish interpretation IRS could have released." The IRS guidance is likely worth at least $50B to his prior cumulative capex expectations for the sector through 2023, Dumoulin-Smith tells investors. While he has less confidence on a module price recovery, the analyst sees prospects for more U.S. bound projects, he added. He maintains a $63 price target on First Solar shares. Other publicly traded companies in the space include Canadian Solar (CSIQ), JA Solar (JASO), SunEdison (SUNEQ), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE).

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TMST

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SLM

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SLM

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SLM

Sallie Mae

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BA

Boeing

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JOE

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RNST

Renasant

$35.44

-1.1 (-3.01%)

17:11
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IAG

IAMGold

$3.84

-0.13 (-3.27%)

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HWBK

Hawthorn Bancshares

$23.20

-0.27 (-1.15%)

17:09
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Breaking Hot Stocks news story on Hawthorn Bancshares »

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GNBC

Green Bancorp

$19.34

-0.7 (-3.49%)

17:07
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Earnings
Green Bancorp reports Q3 EPS 49c, consensus 47c »

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VBTX

Veritex

$24.43

-1.07 (-4.20%)

17:06
10/22/18
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Earnings
Veritex reports Q3 core EPS 34c, consensus 46c »

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IBTX

Independent Bank

$56.47

-3.06 (-5.14%)

17:04
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Earnings
Independent Bank reports Q3 EPS $1.20, consensus $1.20 »

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BRO

Brown & Brown

$29.12

0.27 (0.94%)

17:03
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Breaking Hot Stocks news story on Brown & Brown »

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SFNC

Simmons First National

$25.62

-0.78 (-2.95%)

17:03
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Breaking Hot Stocks news story on Simmons First National »

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CR

Crane

$87.33

-0.28 (-0.32%)

17:03
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GNBC

Green Bancorp

$19.34

-0.7 (-3.49%)

17:02
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SFNC

Simmons First National

$25.62

-0.78 (-2.95%)

17:02
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CR

Crane

$87.33

-0.28 (-0.32%)

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BRO

Brown & Brown

$29.12

0.27 (0.94%)

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NBTB

NBT Bancorp

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NBTB

NBT Bancorp

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PERY

Perry Ellis

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FBK

FB Financial

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16:51
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Earnings
FB Financial reports Q3 adjusted EPS 68c, consensus 72c »

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FBK

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