Enphase Energy Ties Up with Solar + Solutions - Analyst Blog

Enphase Energy, Inc. ENPH announced a partnership with Solar + Solutions, a unit of L&H Group, whereby the latter will distribute Enphase Energy's microinverter system to its Solar Partner Installers and to Australia's electrical contractors. This partnership is a win-win deal for both the parties.

L&H Solar + Solutions, one of the leading distributors in the Australian solar industry, has a strong network of installers. The company designs and builds solar systems for domestic, commercial and industrial applications that brave some of the harshest conditions in Australia as well as globally.

Per the contract, Solar + Solutions will distribute Enphase Energy's microinverters through its 180 L&H and Auslec Electrical Wholesale outlets. On its part, Enphase Energy will provide Solar + Solutions' customers a streamlined approach to installations and provide operation and maintenance assistance. This will help these installers to expand their existing business.

The tie-up thus provides Enphase Energy an easy way to expand in the Australian market. Solar + Solutions' customers will enjoy Enphase Energy's localization of logistics, pricing and technical support. Enphase will offer customers a direct access to its field applications engineers and a 24/7 customer support line.

Enphase Energy's microinverter system is gaining traction among solar power generators as it ensures an effective and efficient use of the solar systems installed, resulting in better savings for customers.

In the first quarter of 2014, the company shipped approximately 423,000 microinverters, up 37% year over year. More than 70% of total microinveters shipped included fourth generation systems – the M250 and the M215.

Enphase Energy currently carries a Zacks Rank #3 (Hold). Other solar companies with a bullish Zacks Rank are JA Solar Holdings Co., Ltd. JASO, Trina Solar Limited TSL and ReneSola Ltd. SOL. While JA Solar Holdings and Trina Solar carry a Zacks Rank #1(Strong Buy), ReneSola holds a Zacks Rank #2 (Buy).