What's Going On With Enphase Energy Stock This Week?
Portfolio Pulse from Ryan Gustafson
Enphase Energy's stock is up over 10% in the last week, following the announcement of an expanded relationship with Natec to distribute IQ Microinverters and IQ Batteries throughout Europe. Natec is a leading wholesaler of solar and battery products, and Enphase is a market leader in microinverter technology.
June 01, 2023 | 9:01 pm
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POSITIVE IMPACT
Enphase Energy's stock has risen over 10% in the last week due to its expanded partnership with Natec to distribute its products throughout Europe, potentially increasing sales and market share.
The expanded partnership with Natec, a leading wholesaler of solar and battery products, will help Enphase distribute its IQ Microinverters and IQ Batteries throughout Europe. This is likely to increase sales and market share for Enphase, as Natec has a strong presence in the European market. The positive market reaction to this news has already resulted in a 10% increase in Enphase's stock price over the last week, indicating that investors view this partnership as a positive development for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100