The warning from NASDAQ follows financial difficulties at the microinverter pioneer.
Enphase Energy, the technology company that pioneered the microinverter, has had a rough couple of years. Under fierce competition from module level power electronics maker SolarEdge, Enphase lost market share in its key markets, which it responded to by pricing its products below the cost of production while waiting for cost-cutting measures to kick in.
This risky strategy appears to have paid off in shipment volumes, with Enphase growing market share in the second half of 2016, but the company has also experienced persistent losses. These difficulties were compounded by residential market troubles in California during Q1, due largely to a combination of torrential rains and policy changes.
Battered by these troubles, Enphase's stock fell below $1 per share in early May, which has triggered a warning from the NASDAQ exchange that if the ...Den vollständigen Artikel lesen ...