Why Enphase Stock Just Jumped 4%

·1 min read
Why Enphase Stock Just Jumped 4%

Shares of solar microinverter-maker -- and now a maker of battery storage for solar power systems, too -- Enphase Energy (NASDAQ: ENPH) stock jumped 4% in 1:20 p.m. EDT trading Monday. It's the company's newest business division -- batteries -- that is making headlines today. As the "world's leading supplier of microinverter-based solar and battery systems," Enphase announced this morning that it has expanded its battery business beyond its current markets of North America and Germany this month.

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