Troubled Enphase announces restructuring, stock price plummets

Shares of Enphase Energy collapsed Friday morning, pushing the troubled US micro-inverter maker towards penny stock territory, after it announced a restructuring programme and said it will sell millions of new shares at a big discount.

Troubled Enphase announces restructuring, stock price plummets
Published 23 September 2016, 13:50Updated 25 October 2016, 15:59