Stock Market News: Southwest Expects May Pain; Enphase Gets Energized
Meanwhile, Enphase Energy (NASDAQ: ENPH) got good news that lifted its shares in anticipation of its quarterly report next week. Revenue for the quarter was down 18% year over year, with load factors falling more than 13 percentage points from year-ago levels. A convertible senior note offering should raise about $1 billion, and Southwest will sell 55 million shares in a secondary stock offering.