New Solar Inverter Production Launched in US
Enphase Energy Begins First US Manufacturing Of Microinverters In South Carolina With Partner Flex
US headquartered Enphase Energy has begun local microinverter production with its contract manufacturing partner Flex at the latter’s Columbia, South Carolina factory.
Nextracker Raises $638 Million With IPO
Solar Tracker Market Leader Nextracker Maker Goes Public On US Nasdaq Global Select Market
Diversified manufacturing company Flex has announced its subsidiary solar tracker company Nextracker has raised over $638 million to get listed on the Nasdaq Global Select Market by pricing its 26.6 million shares at $24.00/share and is now trading under ticker symbol NXT.
Nextracker Targets Up To $534.9 Million Through IPO
US Solar Tracker Manufacturer Targets To Raise Up To $534.9 Million Through Initial Public Offering Of Over 23 Million Shares
Nextracker has officially unveiled its initial public offering (IPO) plans, expecting to raise up to $534.9 million as it targets to sell more than 23.3 million Class A common shares, expecting a per share price of between $20.00 and $23.00, the US b.
North America PV News Snippets
Enphase Expands Manufacturing Footprint To Romania & More From Array, VUI, SEIA
Flex to manufacture Enphase Energy’s microinverters in Romania; Array to supply trackers for Gemini Solar & Storage Project; Canadian company wants solar for uranium in Virginia; SEIA launches survey to assess impacts of Auxin Solar petition on the solar industry.
Flex Spinning Off Nextracker Business
TPG Rise Climate Buys Equity Stake In Nextracker; Tracker Maker To Operate As Separate Entity
Nextracker is entering a new phase of growth, with its parent Flex spinning off one of the global leading solar tracker suppliers to operate as a separate entity, and selling an equity stake in the US company to global climate investment platform TPG Rise Climate for $500 million.
