Why Enphase Energy's Shares Rose 6.2% Today
Shares of solar microinverter company Enphase Energy (NASDAQ: ENPH) jumped as much as 6.2% in trading Thursday after the company announced an expanded partnership with a customer. At 12:15 p.m. EST, shares had given back some gains but were still up 2.5% on the day.
Solar Optimum, a large installation partner, announced that it will begin offering Enphase storage systems with its solar products. This could greatly expand the revenue Enphase generates from each customer and could generate long-term value.
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Source Fool.com
