Enphase Energy Inc. (ENPH) has announced that Arizona based Cambio Energy has completed a solar installation at the Tempe Plaza Solar project using its cutting-edge Enphase Microinverter System. The 302 Kilowatt solar project includes 1,211 microinverters supplying solar electricity to retail and office outlets. Enphase Energy's next generation microinverter system offers innovative solutions related to operation, maintenance and installation of solar energy systems. The product's safety, easy installation process and optimum harvest potential are the essential features that make it superior to the conventional central inverter.
The company's Enphase Microinverters, Envoy Communications Gateway and Enlighten web-based monitoring and analysis software work in tandem to provide greater energy yield and unmatched solar system intelligence.
The microinverters cut off high-voltage DC, help to reduce costs and are time saving in nature. Along with this, the real-time monitoring capabilities will allow precise forecasting of total energy production and repair the array for the lifetime of the system.
As of now, Enphase Energy has exported about 2.6 million microinverters and has spread its operations in Europe, Asia-Pacific as well as North America. Recently, the company entered the Australian renewable market joining forces with RFI Solar for the distribution of Enphase Microinverter System.
Besides the tie-up with Cambio Energy, Enphase earned another microinverter buyer - Certain Teed - for the new Solstice AC Solar Roofing System. This includes installing the M215 microinverter directly to a SolarWorld 250-watt photovoltaic ("PV") module which will be tracked by Enphase Energy's Enlighten software.
Although Enphase is bound to benefit from the increasing popularity of solar energy leading the renewable bandwagon in the U.S., we believe centralized inverter technologies will continue to provide stiff competition. Conventional electronic component manufacturers like Siemens AG (SI) and General Electric Company (GE) are gradually penetrating the U.S. market offering better prospects. Moreover, natural gas is another energy source which is currently leading the race in power generation and is likely to impede the renewables growth trajectory.
Presently, Enphase Energy carries a Zacks Rank #4 (Sell). We however prefer the Zacks Rank #1 (Strong Buy) stock Yingli Green Energy Holding Company Limited (YGE).
Based in Petaluma, CA, Enphase Energy, Inc. along with its subsidiaries engages in the design, development, and sale of microinverter systems for the solar photovoltaic industry.