29355AAK3

Enphase Energy, Inc.

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A maker of solar microinverters and home energy systems, Enphase builds the small devices that attach to each solar panel to convert sunlight into usable power, along with IQ batteries and smart controllers for whole-home energy management. Founded in 2006 in California by Raghu Belur and Martin Fornage, the company got its start solving the "Christmas tree light" problem of old solar setups, where one shaded panel dragged down the whole array. Its name blends "energy" and "phase," a nod to the alternating-current power its technology manages.

0% Convertible Senior Notes due 2028