Enphase Energy Inc.
) has announced the extension of its strategic partnership with
Vivint Solar Inc. - a unit of Vivint Inc. - for the year 2013.
Enphase's Microinverter system ably supplements the solar system
provided by Vivint Solar.
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Vivint Solar is one of the fastest expanding solar companies in
North America due to its unique business model. This model allows
the customers to use solar power generally at cheaper rates than
what is offered by other utilities in the region.
Per the model, the customers allow their rooftops to be utilized
by Vivint Solar for solar cell installation. Vivint Solar will
operate and maintain these systems and incur all necessary
expenses. Customers in turn will have to enter into a power
purchase agreement (PPA) with Vivint Solar and buy the power
generated by the solar photovoltaic system installed on their
For the proper utilization of the energy generated by the
photovoltaic cell, the use of an inverter system is essential.
Enphase Energy's Microinverter system ensures the effective and
efficient use of the solar systems installed resulting in better
savings for customers.
Enphase Energy's microinverter systems are gaining traction among
solar power generators. Recently, Ariz.-based Cambio Energy
decided to utilize Enphase's cutting-edge Microinverter System
for its solar installation at the Tempe Plaza Solar project.
Enphase Energy is working hard to turn profitable since it
started to trade a year back, but is yet to report earnings in
the green. Enphase Energy currently carries a Zacks Rank # 5
(Strong Sell). Other solar companies which are performing
well and have a positive Zacks Rank are
Canadian Solar Inc.
STR Holdings Inc.
). All these are better placed with a Zacks Rank #2 (Buy).
Based in Petaluma, Calif., Enphase Energy, Inc. along with its
subsidiaries engages in the design, development, and sale of
microinverter systems for the solar photovoltaic industry.