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What's Going On With Enphase Energy Stock Today?

Author: Lekha Gupta | July 18, 2024 12:50pm

Enphase Energy, Inc. (NASDAQ:ENPH) unveiled its latest Enphase Energy System, introducing the new IQ Battery 5P alongside IQ8 Microinverters, for customers in Luxembourg.

Enphase’s latest Energy System enhances the experience for homeowners and installers with increased power, robust wired communication, and streamlined commissioning.

Paulo Trindade, CEO at Electricité Scorpion, an installer of Enphase products in Luxembourg, said, “Enphase IQ8 Microinverters and IQ Batteries enable us to confidently build a system that we know will provide maximum value and reliability for our customers.” 

Viviane Rannou, co-founder at Bauer Energie, an installer of Enphase products in Luxembourg commented, “IQ8 Microinverters and IQ Batteries are two high-performing clean renewable energy solutions for the residential market in Luxembourg.”

This week, the company launched the CS-100, a powerful Level 2 EV charger for commercial fleets in the U.S., delivering up to 19.2 kW of continuous power output.

Last week, Enphase Energy announced residential and commercial products that can help solar projects qualify for the Domestic Content Bonus Credit.

Investors can gain exposure to the stock via Invesco Solar ETF (NYSE:TAN) and Global X Solar ETF (NASDAQ:RAYS).

Price Action: ENPH shares are down 1.5% at $109.48 at the last check Thursday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo via Shutterstock

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