Enphase Announces $1B Buyback
Portfolio Pulse from Bill Haddad
Enphase Energy, Inc. (ENPH) has announced a $1 billion stock buyback program.
July 27, 2023 | 8:19 pm
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POSITIVE IMPACT
Enphase Energy's announcement of a $1 billion stock buyback program could potentially increase the company's stock price in the short term.
Stock buybacks often lead to an increase in the stock price as they reduce the number of shares in circulation, thereby increasing earnings per share. This could make the stock more attractive to investors, potentially leading to an increase in demand and a rise in the stock price.
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