Enphase Energy stock hits low as director Kortlang buys big

Enphase Energy, Inc. (NASDAQ:ENPH) - One of the few tier-one micro-inverter companies dealing in Solar Energy has repeatedly posted losses of -10.92% in the last 5 sessions. A set of 5 stock analysts who cover the stock have an average PT at $2.41, with individual targets in the range of $1.3 to $4.5. As of the last trade, Enphase Energy’s stock traded at $1.06; implying that Wall Street analysts see shares climbing about 127.36 percent in roughly 12 months’ time.

However, on Friday, September 23, 2016, Director Benjamin John Kortlang purchased a sizable sum of 600,000 shares of the stock in the company at $1.2 per share, effectively investing a total of $720,000. Kortlang now holds a whopping 4,663,410 shares in Enphase’s stock at this point. This move is seen to be a vote of confidence from the insider moving forward on such a large buy order of the company’s stock.

Enphase Micro-Inverters Deliver Quality, Reliability, and Specialty – Not so much on Price

*Enphase Microinverter

Enphase has been seemingly on a downhill curve as the renewable energy inverter company has struggled to keep up their product line with string inverter manufacturers such as SMA and SolarEdge. A surprising development as the microinverter niche is one that covers a variety of roof-top systems that need this product to primarily deal with shading issues on solar energy systems which might not be viable without the single conversion approach to PV modules.

The Enphase line of micro-inverters and subsequent monitoring applications are regarded as a viable and quality option for many homeowners when looking to install a solar system. The added cost though may be too much for DIY homeowners and small business installers looking to resell the components with other options available for the same quality inverters being available in string or centralized. This has been an increasing problem that we have noticed for some time now, and less demand usually means less sales for the product and its company.

Enphase Energy’s goal at moving into Solar Energy Storage

*The Enphase Storage System

As Wall Street analysts see the stock climbing by 127% or so within twelve months, it is important to note what Enphase currently up to; taking a new approach to the Solar Energy market by introducing The Enphase Storage System. In a move that appears to compete with Tesla batteries, Enphase wants customers to be “storage ready” by installing solar along with all the monitoring and metering capabilities that would seamlessly tie into an Enphase system most likely using the Envoy-S Meter.

Enphase’s storage system is told to be a “system, not just a battery”, an integrated storage unit. Deborah Knuckey states, “If your using another brand of solar, you can still retro-fit with the Enphase storage system, because it is compatible with any solar system that you may have.”

*Enphase Energy AC Battery

Each unit weighs 55 pounds (25kg), which makes it simple and easy to install. Enphase also boasts the ease of installation, as it takes less than 2 hours to complete. Paul Nahi, President and CEO of Enphase Energy states, “One person can install the entire storage system in a little over an hour and a half - simply game-changing”.

The Enphase Storage System pairs perfectly with Enphase Microinverters, among other solar technologies to make the most of your solar energy system. Boasting lower upfront costs, higher performance, greater reliability, and safer – the storage system appears to be a good call for anyone looking for a more integrated and conjunctive approach to tying together their PV array.

Watch the Enphase Storage System Video Here

Under the hood: The Storage that makes the System

The storage system relies on a battery developed by Enphase - The Enphase AC Battery. Here’s the quick specs on the new solar battery:

• Capacity: 1.2 kWh
• Depth of discharge: >95%
• Roundtrip cell efficiency: 96%
• Peak output power: 270 VA
• Chemistry: Lithium Iron Phosphate (LFP)
• Cell safety certifications: TUV Rheinland, UL

Alternatively, we have the AC battery sheet here for download –

DOWNLOAD THE AC BATTERY SPEC SHEET

Wrapping up your Enphase Energy System with the full line-up

The Enphase Storage System is meant to be integrated with the entire Enphase family.

• Enphase MicroInverters
• Enphase Envoy
• Enphase Enlighten
• Enphase Accessories

We look forward to the release of the Enphase Energy Storage System and will be listing this system for sale through Solaris once it is launched onto the market. If you are looking to design and install an Enphase solar system in preparation for release, let us know so we can better assist your needs in going solar.

*Images and video courtesy of Enphase Energy.