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Why Enphase Energy Stock Jumped 10.8% Today
The company didn’t announce any new service, but said installers “have seen an increase in deployments” of Enphase microinverters and batteries as extreme weather and power outages hit the state over the weekend. This follows an announcement late last week that Enphase was partnering with Semper Solaris, an installer of solar and battery systems in California, to expand offerings across that state. It hasn’t hurt that the stock market overall is up today, and solar energy stocks in particular are rising sharply.
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