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Why Enphase Stock Is Soaring Today

TheMotleyFool

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Congress apparently is having second thoughts about ending tax credits for rooftop solar. That talk is giving solar stocks a charge, with Enphase Energy (NASDAQ: ENPH) up 10% as of 10 a.m. ET.

Image source: Getty Images.

Enphase makes microinverters and other components necessary to turn the sun's rays into energy for your house. The stock has lost about half of its value in the last six months on investor concerns that the new political climate in Washington is less favorable toward solar, which could stunt demand for Enphase's products.

Source Fool.com

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