Why Shares of Enphase Energy Jumped This Week
After ripping 28% higher in June, shares of Enphase Energy (NASDAQ: ENPH) cooled off in the first weeks of July, falling 11% through July 16. But the clouds have lifted this week, and investors are once again taking a shine to the solar stock. Since last Friday, shares of Enphase Energy have risen 9.5%, as of the market close on Thursday.
While news of the company's progress in Germany was one of several catalysts for the stock's gain last month, it's rise this week seems due to an analyst's bullish rating, though investors may also be looking to pick up shares before the company reports earnings next week.
Image source: Getty Images.
Source Fool.com
