Enphase Soars While Bringing Users Energy Independence
Residential solar power generation has been evolving quite a bit in recent years, and Enphase Energy (NASDAQ: ENPH) wants to be leading the evolution going forward. Investors began to really take notice after its first quarter earnings report, when the stock jumped almost 30% in response. Since that pop, shares have surged an additional 160% since then, bolstered by strong results in the second quarter as well.
Enphase aims to supply a full-platform solution to power generation, and its new microinverters, which convert energy at the solar panel, combined with storage, network, and software technologies, are catching on with customers. Let's look back at what drove the latest results and see how the company envisions the future of residential solar with its upcoming Ensemble platform.
Image source: Enphase Energy
Source Fool.com
