S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Energy

Enphase IPO Goes Out at Low End of Range (ENPH)

Photo of Paul Ausick
By Paul Ausick Updated Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Microinverter maker Enphase Energy Inc. (NASDAQ: ENPH) completed its IPO this morning, issuing 8.97 million shares at an offering price of $6/share. The price is the low end of the pre-IPO range of $6-$7, which the company had lowered from $10-$12 earlier this week (our coverage here).

The number of shares offered rose significantly, though, from an originally planned total of 7.27 million. The additional 1.7 million shares more than makes up for the lower price. The underwriters have a 30-day over-allotment option of 1.35 million shares. All the shares are being offered by Enphase, not by any individual owners.

Shares of Enphase are up about 24% at $7.44.

Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for a673b.bigscoots-temp.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Continue Reading

Why Enphase Shares Could Rise 100% to 200% From Here
Jon C. Ogg |

Why Enphase Shares Could Rise 100% to 200% From Here

Despite posted a quarterly net loss, Enphase shares rallied on Wednesday after one analyst said that this stock actually might…
Paul Ausick |

IPO Price Drops at Solar Firm Enphase

Problems in the solar PV market are well-known. Oversupply has led to a price drop of around 50% for modules,…
Enphase Energy Uses Stock Strength to Raise Capital on the Cheap
Jon C. Ogg |

Enphase Energy Uses Stock Strength to Raise Capital on the Cheap

Enphase Energy has seen its shares surge over the past year. Now the company is using some of the great…
Goldman Sachs Has 5 Solar Stocks to Buy Now With 40% to Over 100% Upside Potential
Lee Jackson |

Goldman Sachs Has 5 Solar Stocks to Buy Now With 40% to Over 100% Upside Potential

The top solar stocks have been pummeled over the past year and a half. For aggressive investors looking to catch…
Goldman Sachs Says Buy the Solar Stock Pullback Now: 4 Top Analyst Picks
Lee Jackson |

Goldman Sachs Says Buy the Solar Stock Pullback Now: 4 Top Analyst Picks

The focus on clean energy is set to remain at the forefront for a while. These four top Goldman Sachs…
Jon C. Ogg |

Enphase Earnings Prove It Is the Real Deal in Alternative Energy

24/7 Wall St. has visited this small cap and lesser-known solar player's long-term opportunity as a stock before, and its…
Earnings Previews: Enphase Energy, General Motors, QuantumScape, Texas Instruments
Paul Ausick |

Earnings Previews: Enphase Energy, General Motors, QuantumScape, Texas Instruments

This week's blizzard of quarterly earnings reports includes these four, due out after markets close Tuesday.
Enphase Energy’s Metrics Are Mixed After Guidance Miss Pulls Down Shares
247patrick |

Enphase Energy’s Metrics Are Mixed After Guidance Miss Pulls Down Shares

Enphase Energy’s (US:ENPH) shares have cratered in recent days after the solar inverter maker’s second quarter revenue came in slightly…
Why Enphase Energy Looks Ready for Blast-Off
Jon C. Ogg |

Why Enphase Energy Looks Ready for Blast-Off

Enphase Energy has seen a very positive reaction after the company's fourth-quarter earnings report. While revenues and margins rose, analysts…

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618