ENPHASE ENERGY TO ACQUIRE GREENCOM NETWORKS AG

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The Enphase Energy($NASDAQ:ENPH) to acquire GreenCom Networks AG. Based in Munich, Germany, GreenCom Networks provides Internet of Things software solutions for customers to connect and manage a wide range of distributed energy devices within the home. With the acquisition of GreenCom Networks, Enphase will be able to provide its customers with an even more comprehensive solution for managing their energy use. This will likely have a positive effect on Enphase’s market share and earnings in the long term.

Market Price

On Monday, ENPHASE ENERGY stock opened at $284.2 and closed at $284.8. This acquisition will help the company expand its reach into the smart home market. Greencom Networks AG is a German company that provides energy management solutions for homes and businesses. The addition of Greencom’s technology and expertise will allow Enphase to offer an even more comprehensive set of solutions to its customers.

VI Analysis

ENPHASE ENERGY is a high risk investment in terms of financial and business aspects. The company’s fundamentals reflect its long term potential, but there are potential risks in the business and financial areas that could impact the company’s ability to meet its long term goals. You can find more information on these risks in our website. For more details please visit Risk Rating.

Summary

Enphase Energy, Inc today announced that it has entered into a definitive agreement to acquire Greencom Networks AG, a global leader in energy management software and services. Greencom Networks will become a wholly owned subsidiary of Enphase upon the closing of the transaction. The acquisition of Greencom Networks will enable Enphase to provide its customers with an integrated solution for managing their energy consumption. Greencom Networks’ technology will complement Enphase’s existing product offerings and enable the company to offer a complete solution for managing both on-site and off-site energy generation and consumption. Greencom Networks has a strong track record of developing and delivering energy management solutions that help customers save money and reduce their carbon footprints. The company’s technology is used by some of the world’s largest utilities and energy service providers, including E.ON, RWE, and Vattenfall. Enphase is a global energy technology company that provides solar energy solutions. The company’s products include microinverters, energy storage systems, and software and services.