Why Enphase Bounced Back Big This Week
Shares of solar inverter leader Enphase Energy (NASDAQ: ENPH) rallied 20% this week through Thursday trading as of 2:20 p.m. ET, according to data from S&P Global Market Intelligence.
Enphase is a market leader in solar microinverters, which convert DC electricity produced by solar panels into AC electricity that can be used by home appliances.
Enphase, like all other U.S.-related rooftop solar companies, has been decimated this year following the passage of the new budget bill by the Republican-controlled House of Representatives in May, which rapidly ended the rooftop solar credit.
Source Fool.com
