Company Update (NASDAQ:ENPH): Enphase Energy Inc to Collaborate With PG&E on Testing Integrated Distributed Energy Resources

Enphase Energy Inc (NASDAQ:ENPH), a global energy technology company, announced today a pilot program with Pacific Gas & Electric (PG&E) in California to integrate and optimize smart microinverters used in distributed energy generation.

The program will support PG&E to demonstrate and implement its Distributed Energy Resource Management System (DERMS) for real-time data integration and control of distributed energy resources. PG&E will evaluate how smart microinverters from Enphase used with customer-sited solar can be controlled and coordinated with grid management and voltage optimization technology. The program goals are to support increased penetration of distributed energy resources and to increase overall operational efficiencies of the entire system.

The joint program will focus on targeted circuits in the San Jose and Fresno service areas. Eligible PG&E customers on those circuits can participate in the voluntary program and receive advanced equipment from Enphase as well as program participation incentives. Enphase is providing Enphase S-Series microinverters, Envoy-S gateways and its cloud-based Grid Optimization Services.

“Enphase has already been working with a number of utilities to integrate smart inverters and help transform distributed energy resources into grid assets that will help modernize the grid,” said Raghu Belur, Enphase vice president of products and strategic initiatives. “Working with PG&E is an exciting next step. Our smart microinverters will provide real-time intelligence from those assets as well as allow coordinated control to increase grid reliability and ultimately deliver better service to PG&E customers.”

The program is funded in part by the Electric Program Investment Charge (EPIC) Program, which enables PG&E to work with the California Energy Commission to develop smart grid technology demonstration and deployment programs. EPIC was created by the California Public Utilities Commission in December 2011 to support investments in clean energy technologies that provide benefits to the electricity ratepayers of PG&E and other investor-owned utilities in California. (Original Source)

Shares of Enphase Energy are currently trading at $2.12, up $0.16 or 8.16%. ENPH has a 1-year high of $7.10 and a 1-year low of $1.63. The stock’s 50-day moving average is $2.05 and its 200-day moving average is $2.36.

On the ratings front, Enphase has been the subject of a number of recent research reports. In a report issued on July 7, Roth Capital analyst Gerry Sweeney reiterated a Hold rating on ENPH. Separately, on May 4, Oppenheimer’s Colin Rusch reiterated a Hold rating on the stock .

According to, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Gerry Sweeney and Colin Rusch have a total average return of -2.0% and 8.1% respectively. Sweeney has a success rate of 47.7% and is ranked #3017 out of 4035 analysts, while Rusch has a success rate of 43.9% and is ranked #500.

The street is mostly Neutral on ENPH stock. Out of 4 analysts who cover the stock, 4 suggest a Hold rating .

Enphase Energy, Inc. designs, develops, and sells microinverter systems for the solar photovoltaic industry. Its products and services include Enphase microinverters, Enphase Envoy, Enphase Enlighten Manager, and accessories such as Enphase Engage cable, connector clip, frame mount, coupler, mobile connect, and consumption monitor. The company was founded by Raghuveer R. Belur and Martin Fornage in March 2006 and is headquartered in Petaluma, CA.

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