swanlinbar
4 years ago
ENPH Enphase Energy Enhances its Digital Platform with the Acquisition of Sofdesk Inc.
January 26 2021 - 08:00AM
GlobeNewswire Inc.
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Enphase Energy, Inc. (NASDAQ: ENPH), a global energy management technology company and the world’s leading supplier of microinverter-based solar-plus-storage systems, today announced the closing of its acquisition of Sofdesk Inc., headquartered in Montreal, Canada. Sofdesk’s SolargrafTM integrated software platform offers the industry’s leading digital tools and services designed to simplify and accelerate the end-to-end sales process across the residential solar industry.
The Solargraf platform provides solar installers with critical pre-sales engagement design, quoting and work-flow management from any PC, tablet or mobile device. In addition, Sofdesk also offers RoofgrafTM, a software product that enables roofing contractors to generate homeowner proposals using advanced machine learning technology.
The acquisition is expected to provide the following benefits:
Secures a software platform that helps create a reliable and predictable buying experience across the residential solar market, leading to better customer experiences
Adds significant resources to accelerate the software product roadmap and provide best-in-class customer service to Sofdesk’s 700+ solar installer base
Offers digital sales enablement tools and services to the Enphase Installer Network for homeowner proposal generation, permitting, third-party financing, and post-sales support
Develops a new customer segment of roofing contractors that subscribe to Roofgraf, Sofdesk’s roofing software
Augments Enphase’s existing software engineering capabilities with a talented team of software engineers with Artificial Intelligence and Machine Learning expertise
“We are thrilled to join forces with Sofdesk,” said Badri Kothandaraman, president and CEO of Enphase Energy. “Our companies share a commitment to transform the solar industry with advanced technology. We are delighted to welcome Sofdesk’s installer partners to Enphase and look forward to working with the talented team at Sofdesk to help reduce solar soft costs and improve the overall installer experience.”
“This acquisition supercharges Enphase’s digital transformation efforts,” said Jayant Somani, vice president of digital transformation at Enphase Energy. “With these tools, residential installers can drive the industry towards better customer journeys, create happier customers, and help accelerate the transition to clean energy.”
“I am very proud of the company we built and excited about our future with Enphase,” said Lennie Moreno, founder and CEO of Sofdesk Inc. “Our products have been embraced by leading installers and roofing contractors in North America, and we look forward to working with Enphase to expand our offering internationally and into the small commercial segment to deliver the best installer and homeowner experiences in solar, storage, and roofing.”
About Enphase Energy, Inc.
Enphase Energy, a global energy technology company, delivers smart, easy-to-use solutions that manage solar generation, storage and communication on one intelligent platform. The Company revolutionized the solar industry with its microinverter technology and produces a fully integrated solar-plus-storage solution. Enphase has shipped more than 30 million microinverters, and approximately 1.3 million Enphase-based systems have been deployed in more than 130 countries. For more information, visit www.enphase.com and follow the company on Facebook, LinkedIn and Twitter.
Enphase Energy, Enphase, the E logo, and other trademarks or service names are the trademarks of Enphase Energy, Inc. Solargraf and Roofgraf are the trademarks of Sofdesk Inc. Other names are for informational purposes and may be trademarks of their respective owners.
About Sofdesk Inc.
Sofdesk is an industry-leading organization that builds intuitive sales acceleration software for everyday use by solar and roofing companies. By offering an end-to-end business management solution, Sofdesk empowers small to medium-sized companies to be competitive in these ever-growing industries and improve the scalability of their businesses through our powerful web-based platform. For more information, visit www.sofdesk.com.
swanlinbar
4 years ago
ENPH $156.The once in a lifetime stock for me!Enphase Energy Launches Enphase Installer Network In Australia
8:04 am ET December 14, 2020 (Benzinga) Print
Enphase Energy Launches Enphase Installer Network in Australia
MELBOURNE, Australia, Dec. 14, 2020 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ:ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar-plus-storage systems, today announced the launch of the Enphase Installer Network (EIN) in Australia. The EIN recognizes a network of trusted installers that deliver exceptional homeowner experiences using Enphase products and is designed to help Enphase installers grow their business with a range of innovative digital tools and exclusive benefits.
EIN members can take advantage of access to an advanced digital platform that delivers sales leads and self-service tools, as well as metrics and analytics that can be leveraged to improve business efficiency and profits. Solar installers can qualify for EIN membership in one of three tiers, as Enphase Platinum, Gold, or Silver Installers, based on meeting a range of performance benchmarks that promote best-in-class customer service. EIN benchmarks include product certification status, relationship duration, and homeowner satisfaction ratings. For more information about how to join the Enphase Installer Network in Australia, please visit the website.
"Our installers are central to our success because they are the face of Enphase for homeowners and small business owners, and our goal with the EIN is to continuously improve the experience of doing business with Enphase," said Dave Ranhoff, chief commercial officer at Enphase Energy. "We consider it our job to provide outstanding product quality, performance, and reliability and also back our products with world-class customer support and ease of doing business. The EIN will help improve the bottom line for our installer partners in Australia and gives them another reason to continue being enthusiastic evangelists of our company and products."
As part of the ongoing digital transformation at Enphase, the EIN is backed by significant enhancements to the installer-facing functionality of the Enphase Enlighten™ platform. The digital components available to EIN members combine the power of sophisticated analytics with business growth tools, customer support enhancements, and services that can help installers deliver an outstanding customer experience over the long lifespan of Enphase solar systems. Homeowners in Australia can easily locate an EIN installer in their area using the Find an Installer tool.
abracky
4 years ago
Prescience Point Capital Management Issues Negative Research Report on Enphase Energy, Inc. (NASDAQ: ENPH)
Source: PR Newswire (US)
BATON ROUGE, La., June 17, 2020 /PRNewswire/ -- Prescience Point Capital Management ("Prescience Point"), a private investment manager that focuses on investigations of public companies, published a negative research report today supporting its short position in shares of Enphase Energy, Inc. (NASDAQ: ENPH), a maker of microinverter systems for residential and commercial use based in Petaluma, CA.
Prescience Point has been closely scrutinizing Enphase for over two years and we believe the company's financial performance has become increasingly disconnected from reality since our initial reports were published in July 2018 and August 2018. Following our latest investigation, which included interviews of numerous former employees, we believe that Enphase's financial reports are not reliable, and that the 4,653% increase in its share price since CEO Badri Kothandaraman was promoted to CEO is unwarranted.
"The explosive growth that Enphase has reported to investors over the last two years is nothing but a sham which has lined the pockets of those at the top of the company," said Eiad Asbahi, Founder and Portfolio Manager of Prescience Point. "We believe the evidence presented in our report will result in multiple government investigations, a major accounting restatement, shareholder lawsuits and a delisting of ENPH shares from the NASDAQ."
Our research suggests that at least 39%, or $205 million, of US revenue reported by the company is potentially fabricated, as is a significant portion of the company's international revenue. Multiple former employees in India independently told our private investigators that Enphase was fabricating figures it reports publicly, and that the company is using overseas operations to help executives perpetrate potential accounting violations.
Our research also suggests that Enphase executives and board members, as well as its previous largest shareholder, likely learned of the existence of our private investigation. This is supported by the unprecedented number of shares these parties sold from late-May to mid-June, which is right around the time that our private investigation had wrapped up. Their timing and shear magnitude of sales appears to be a rush for the exits ahead of Enphase's coming downfall.
Click here to download Prescience Point's full report on Enphase [insert link].
Prescience Point has a short position in Enphase and stands to benefit if its share price falls.
About Prescience Point Capital Management
Prescience Point Capital Management is a private investment manager that employs forensic investigative techniques to unearth significant mispricings in global markets. The firm specializes in extensive investigations of difficult-to-analyze public companies in order to uncover significant elements of the business that have been overlooked or ignored by others. Their publicly-available research focuses on exposing corporate wrongdoing and has been followed by resignations of auditors, CEOs and CFOs, earnings restatements, SEC investigations and stock delistings.
Prescience Point manages private funds on behalf of clients and principals and takes positions both long and short in support of their research. The firm invests across a broad set of equities that they believe have abnormally large disparities between what their underlying businesses are intrinsically worth and what their securities sell for.
The firm was founded by investor Eiad Asbahi in 2009 and is headquartered in Baton Rouge, LA. Prescience Point Capital Management is a registered investment advisor with the State of Louisiana a member of the Financial Industry Regulatory Authority, CRD number 152721. For updates follow Prescience Point on Twitter @PresciencePoint
Disclaimer
THIS RELEASE EXPRESSES SOLELY PRESCIENCE POINT CAPITAL MANAGEMENT'S OPINIONS. Use Prescience Point's research opinions at your own risk. This is not investment advice nor should it be construed as such. You should do your own research and due diligence before making any investment decisions with respect to the securities covered herein. Forward-looking statement and projections are inherently susceptible to uncertainty and involve many risks (known and unknown) that could cause actual results to differ materially from expected results. You should assume we have a short interest in Enphase Energy stock and therefore stand to realize significant gains in the event that the price of such instrument declines. Please refer to our full disclaimer located on the last page of our research report (linked herein).
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SOURCE Prescience Point Capital Management
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