Roth Capital Downgrades Enphase Energy (ENPH) to Neutral

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Go back to Roth Capital Downgrades Enphase Energy (ENPH) to Neutral

Enphase Energy Reports Financial Results for the Fourth Quarter and Fiscal Year 2015

February 23, 2016 4:05 PM EST

PETALUMA, Calif., Feb. 23, 2016 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company, announced today financial results for the fourth quarter and year ended December 31, 2015.

Enphase Energy reported total revenue for the fourth quarter of 2015 of $65.6 million. During the fourth quarter of 2015, Enphase sold 129MW (AC) or 547,000 microinverters. GAAP gross margin for the fourth quarter of 2015 was 23.9 percent and non-GAAP gross margin was 24.5 percent.

GAAP operating expenses for the fourth quarter of 2015 were $30.9 million and non-GAAP operating expenses were $27.8 million. GAAP operating loss for the fourth quarter of 2015 was $15.2... More