Enphase Energy, Inc. (ENPH) Files Form 4 Insider Buying : Benjamin John Kortlang Buys 600,000 Shares

Enphase Energy, Inc. (ENPH): Benjamin John Kortlang , director of Enphase Energy, Inc. purchased 600,000 shares on Sep 23, 2016. The Insider buying transaction was reported by the company on Sep 23, 2016 to the Securities and Exchange Commission. The shares were purchased at $1.20 per share for a total value of $720,000.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Aug 16, 2016, Humberto Garcia (VP and CFO) sold 1,618 shares at $1.78 per share price.On Aug 16, 2016, Paul B Nahi (President and CEO) sold 8,863 shares at $1.78 per share price.Also, On Feb 11, 2016, Benjamin John Kortlang (director) purchased 250,000 shares at $2.09 per share price.On Aug 19, 2015, Kris Sennesael (VP and CFO) sold 7,882 shares at $5.40 per share price.

Enphase Energy Inc: On Thursday, Sep 22, 2016 heightened volatility was witnessed in Enphase Energy Inc which led to swings in the share price. The shares opened for trading at $1.5 and hit $1.72 on the upside , eventually ending the session at $1.67, with a gain of 12.84% or 0.19 points. The heightened volatility saw the trading volume jump to 4,94,339 shares. The 52-week high of the share price is $5.3699 and the company has a market cap of $78 M . The 52-week low of the share price is at $1.28.

Enphase Energy Inc Money Flow Index Chart

Enphase Energy Inc. (Enphase) is engaged in designing developing manufacturing and selling microinverter systems for the solar photovoltaic (PV) industry. The Company’s semiconductor-based microinverter system converts direct current (DC) electricity to alternating current (AC) electricity at the individual solar module level. The Company’s microinverter system consists of three components such as Enphase microinverter which delivers power conversion at the individual solar module level; Envoy communications gateway which is installed in the system owner’s home or business and serves as a networking hub that collects data from the microinverter array and Enlighten Web-based software which collects and analyzes the collected data from the microinverter array. The Company offers microinverter systems to the residential and commercial markets in the United States Canada the United Kingdom France the Benelux region certain other European markets Australia and New Zealand.

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