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

Editors Pick
Commercial bank holding company Citizens Financial Group, Inc. (CFG), owned by British lender Royal Bank of Scotland Group PLC (RBS, RBS.L), priced its initial public offering of 140 million shares at $21.50 per share, raising gross proceeds of about $3 billion. The pricing was below the company's estimated... Home goods retailer Bed Bath & Beyond Inc. said Tuesday after the markets closed that its second quarter profit fell 10% from last year, as higher costs and expenses more than offset a 4.3% increase in sales. However, the company's quarterly earnings per share came in above analysts' expectations as did its quarterly sales. At the same time, With lawmakers failing to address corporate tax reform before adjourning for the campaign season, the Treasury Department announced Monday that it is taking targeted action to reduce the tax benefits of corporate tax inversions.
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.