to-the-point: Enphase Energy launches common stock offering
Author: 401(K) 2012 on Flickr, CC BY-SA 2.0
US microinverter maker Enphase Energy Inc (NASDAQ:ENPH) on December 23 said it is selling USD 17 million (EUR 16m) in common stock.
The company has signed an agreement with FBR Capital Markets & Co to serve as sales agent in the “at the market offering”. The proceeds will go for general corporate purposes, including working capital.