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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Tue., Sep. 2, 7:29 AM

Slide #14. Enphase Energy, Inc. Secondary Offering

Company: Enphase Energy, Inc. (NASDAQ:ENPH)
Date announced: 8/13/2014
Shares Offered: 3,216,540
Date of Pricing: 8/14/2014
Price Per Share: $10.50
Secondary Offering Details: Enphase Energy, Inc. (NASDAQ:ENPH), announced the commencement of an underwritten public offering of common stock by selling stockholders, including entities affiliated with Bay Partners, KPCB Holdings, Madrone Partners, RockPort Capital Partners and Third Point LLC. The selling stockholders will receive all the proceeds from the sale of shares in the offering. Enphase Energy will not receive any proceeds from the sale of common stock by the selling stockholders. - updated 8/14 Enphase Energy, Inc. (NASDAQ:ENPH), today announced the pricing of the previously announced underwritten public offering of 3,216,540 shares of its common stock by selling stockholders at $10.50 per share. The selling stockholders include entities affiliated with Bay Partners, KPCB Holdings, Madrone Partners, RockPort Capital Partners and Third Point LLC. The selling stockholders have granted the underwriters a 30-day option to purchase up to 482,476 additional shares of common stock to cover over-allotments, if any. The selling stockholders will receive all the proceeds from the offering. Enphase Energy will not receive any proceeds from the sale of common stock by the selling stockholders. The offering is expected to close on or about August 19, 2014, subject to customary closing conditions.

Enphase Energy and subsidiaries design, develop, and sell microinverter systems for the solar photovoltaic industry. Co.'s microinverter system consists of: an Enphase microinverter and related accessories that convert direct current power to grid-compliant alternating current power; an Envoy communications gateway device that collects and transmits performance information from each solar module to Co.'s hosted data center; and the Enlighten web-based software platform that collects and processes this information to enable customers to monitor and manage their solar power systems. Co. sells microinverter systems primarily to distributors who resell them to solar installers.
Open the ENPH Page at The Online Investor »

Company Name:  Enphase Energy Inc.
Website:  www.enphase.com
Sector:  Semiconductors
Number of ETFs Holding ENPH:  16
Total Market Value Held by ETFs:  $22.61M
Total Market Capitalization:  $600.00M
% of Market Cap. Held by ETFs:  3.77%
 

Open the ENPH Page at The Online Investor (in a new window) »

September 2, 2014    7:29 AM Eastern
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Buy (3.11 out of 4)
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