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Enphase to Acquire SunPower’s Microinverter Business

Enphase will acquire the business for $25 million in cash and 7.5 million shares from its common stock

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Enphase Energy and SunPower Corporation have announced the signing of a definitive agreement under which Enphase will acquire SunPower’s microinverter business. Enphase will be acquiring the microinverter business for $25 million in cash and 7.5 million shares of Enphase’s common stock.

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