Enphase, Sunnova become first solar service provider in U.S. Virgin Islands Sunnova and Enphase Energy announced their continued expansion by launching into the U.S. Virgin Islands. Enphase Microinverters will be Sunnova’s exclusive inverter in this region. Within 18 months of collaboration, the companies have more than 2K PV systems already installed and operating. Sunnova recently announced $145M in financing to fund this growth.
Enphase Energy initiated with an Overweight at JPMorgan JPMorgan started shares of Enphase Energy with an Overweight rating saying the company offers pure-play exposure to the "rapid growth" in residential rooftop solar through 2016. The firm put a $16 price target on the shares.