Why Enphase Energy Stock Raced Higher This Week
Solar energy and related stocks have had quite the roller-coaster ride this year. Fortunately for investors in components maker Enphase Energy (NASDAQ: ENPH), their company enjoyed one of the peaks over the past several days.
Energized by news of a deal across the Atlantic Ocean, plus a pair of analyst price target raises, market players bid up Enphase's stock by more than 9% over the week, according to data compiled by S&P Global Market Intelligence.
On Monday, Enphase announced that it has expanded its support for virtual power plants throughout Europe. The company wrote that its goods can now enable certain smart grid features; among others, this includes one-minute data streaming, the generation of instant alerts, and curtailment to support constraints on a power grid.
Source Fool.com
