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Why Enphase Energy's Shares Jumped 26.9% in July

Travis Hoium, The Motley Fool
Updated ·2-min read
Why Enphase Energy's Shares Jumped 26.9% in July

Shares of Enphase Energy (NASDAQ: ENPH) jumped 26.9% in July, according to data from S&P Global Market Intelligence, after announcing some key business developments. The biggest announcement in July was SunPower's (NASDAQ: SPWR) spinoff of Maxeon Technologies, saying it will produce AC solar modules by integrating Enphase Energy's IQ microinverter at the factory level. For Enphase, being integrated at the factory floor is a big win, given the high quality of Maxeon's solar panels.

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