Morgan Stanley & Co. LLC
1585 Broadway
New York, New York 10036
Merrill Lynch, Pierce, Fenner & Smith
Incorporated
One Bryant Park
New York, New York 10046
Deutsche Bank Securities Inc.
60 Wall Street, 4th Floor
New York, New York 10005
March 28, 2012
Securities and Exchange Commission
Division of Corporation Finance
100 F Street, N.E.
Washington, D.C. 20549
Re: | Enphase Energy, Inc. |
Registration Statement on Form S-1
Registration File No. 333-174925
Ladies and Gentlemen:
In accordance with Rule 461 of the General Rules and Regulations under the Securities Act of 1933 (the Act), we, as representatives of the several Underwriters, hereby join in the request of Enphase Energy, Inc. (the Company) for acceleration of the effective date of the above-named Registration Statement so that it becomes effective at 4:00 P.M. Eastern Time on March 29, 2012, or as soon thereafter as practicable.
Pursuant to Rule 460 of the Act, we wish to advise you that we have effected the following distribution of the Companys Preliminary Prospectus dated March 13, 2012:
(i) | Dates of Distribution: March 13, 2012 through the date hereof |
(ii) | Number of prospective underwriters to whom the preliminary prospectus was furnished: 6 |
(iii) | Number of prospectuses furnished to investors: 5,927 |
(iv) | Number of prospectuses distributed to others, including the Company, the Companys counsel, independent accountants, and underwriters counsel: 85 |
We, the undersigned, as representatives of the several Underwriters, have and will, and we have been informed by the participating underwriters that they have and will comply with the requirements of Rule 15c2-8 under the Securities Exchange Act of 1934.
[Signature Page Follows]
Very truly yours,
MORGAN STANLEY & CO. LLC
MERRILL LYNCH, PIERCE, FENNER & SMITH
INCORPORATED
DEUTSCHE BANK SECURITIES INC.
Acting severally on behalf of themselves and the
several underwriters
By: | Morgan Stanley & Co. LLC | |||
By: | /s/ David Chen | |||
Name: | David Chen Managing Director | |||
Title: |
By: | Merrill Lynch, Pierce, Fenner & Smith Incorporated | |||
By: | /s/ Richard A. Diaz | |||
Name: | Richard A. Diaz | |||
Title: | Authorized Signatory |
By: | Deutsche Bank Securities Inc. | |||
By: | /s/ Mark Keene | |||
Name: | Mark Keene | |||
Title: | Managing Director | |||
By: | /s/ Riaz Ladhabhoy | |||
Name: | Riaz Ladhabhoy | |||
Title: | Director |