Enphase Energy Surges as Demand Rises Ahead of Solar Tax Credit Deadline
Enphase Energy (ENPH) surged by 14.31% to $48.01 per share on May 15, driven by increased demand for its new IQ9S-3P Commercial Microinverter ahead of the July 4 federal solar tax credit deadline. The company reported a net loss in Q1 due to declining revenues.
Tickers: $ENPH
Topics: microinverter_technology renewable_energy solar_power tax_credits