Enphase Energy, a global energy technology company known for its microinverter-based solar and battery systems, has announced the approval of a $1.0 billion stock repurchase program. The decision reflects the company’s confidence in its long-term strategy and the value it sees in its stock. Enphase Energy’s president and CEO, Badri Kothandaraman, stated, Our significant free cash flow generation allows us to continue investing for the long term, while also opportunistically buying back stock through a repurchase program.
Under the new share repurchase program, Enphase Energy is authorized to repurchase up to $1.0 billion of its common stock. The repurchases may be made through solicited or unsolicited transactions in the open market, privately negotiated transactions, or pursuant to a Rule 10b5-1 plan. The timing, price, and volume of repurchases will be determined based on market conditions, relevant securities laws, and other considerations. It is important to note that the share repurchase program may be amended or discontinued at any time by Enphase Energy’s Board of Directors and will expire on July 26, 2026.
Enphase Energy’s forward-looking statements regarding its intended share repurchases, timing, price, and volume of repurchases, as well as its future growth, are subject to inherent risks and uncertainties. These risks and uncertainties, including those detailed in the company’s most recent Annual Report on Form 10-K, may cause actual results and the timing of events to differ materially from the anticipated outcomes.
Enphase Energy is a leading supplier of microinverter-based solar and battery systems, empowering individuals to harness the sun’s energy for their own power needs. The company’s innovative technology and comprehensive solutions have revolutionized the solar industry. With over 68 million microinverters shipped and more than 3.5 million Enphase-based systems deployed in over 145 countries, Enphase Energy continues to drive the adoption of sustainable energy worldwide.
For more information about Enphase Energy and its share repurchase program, visit the company’s investor relations page on its website.
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Contact:
Zach Freedman
Enphase Energy, Inc.
Investor Relations
ir@enphaseenergy.com
In summary, Enphase Energy’s approval of a $1.0 billion stock repurchase program demonstrates the company’s confidence in its long-term strategy and the value of its stock. The share repurchase program will allow Enphase Energy to invest for the future while opportunistically buying back stock.
