Enphase Energy (ENPH) has been making all the right moves, and this past month is no exception. The company continues merrily down the yellow brick road by 1) reducing expenses, 2) deferring debt, and 3) focusing on core product optimization and advancement of its microinverter. In the words of CEO Badri Kothandaraman, Enphase is “laser-focused” on its direction, but more importantly, the promise of profitability to the investors is being kept.
Enphase has ~350 employees now; reducing the roster from ~500 was a costly strategic move; Enphase incurred $3.6M for restructuring