Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Enphase Energy Completes $61.9 Mln Stock Offering

Enphase Energy, Inc., (ENPH: Quote) said Wednesday that it has closed the underwritten public offering of about 10.3 million shares of its common stock at a price to the public of $6.00 per share for gross proceeds of about $61.9 million.

The shares include about 1.35 million shares of common stock sold pursuant to the over-allotment option granted by the company to the underwriters, which option was exercised in full.

The net proceeds from the sale of the shares, after deducting the underwriters' discounts and other estimated offering expenses payable by Enphase Energy, will be about $54.6 million.

Click here to receive FREE breaking news email alerts for Enphase Energy, Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Toyota Motor Corp. (TM, TYT.L) Thursday announced 1.1 percent decline in worldwide production for October, as there was a sharp decline in production of passenger cars in Japan. Production outside Japan improved 2.3 percent. In a separate announcement, the Japanese automaker said it will recall more... Computer and printer maker Hewlett-Packard Co. said Tuesday after the markets closed that its fourth quarter profit fell 6% from last year, as revenue declined 2%. The company's quarterly earnings per share, excluding items, came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast. This organic and natural products company has experienced strong compounded annual growth over the last four fiscal years with its net sales growing 25% and adjusted income from continuing operations over 30%.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.