Enphase Energy, which is the leading N. American provider of microinverter solutions for the solar industry, raised $54 million by offering 9 million shares at $6, at the low end of the modified range of $6 to $7. The company had originally filed to offer 7.3 million shares at a range of $10 to $12. Enphase Energy plans to list on the NASDAQ under the symbol ENPH. Morgan Stanley, BofA Merrill Lynch and Deutsche Bank Securities acted as lead managers on the deal.
