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Enphase CEO resigns as microinverter maker shows improvement in second quarter

Jeff St. John, GREENTECH MEDIA

Microinverter maker Enphase is losing its long-time CEO, and gaining some financial headroom to bolster its flagging performance.

On Tuesday, the same day the company reported its second-quarter 2017 earnings, Enphase reported the resignation of CEO Paul Nahi, who joined the company in 2007 and brought it to prominence as the first publicly traded microinverter maker with its 2010 IPO.

Now, with the Petaluma, Calif.-based company struggling to survive against harsh competition from rival SolarEdge and incumbent string inverter makers such as SMA, Fronius and ABB, Nahi is leaving the company.

Read more at: Enphase CEO Resigns as Microinverter Maker Shows Improvement in Second Quarter | Greentech Media

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