Here's Why Shares of Enphase Energy Soared 45% in April
After plunging 34% in March, shares of Enphase Energy (NASDAQ: ENPH) bounced back and climbed 45% last month, according to data from S&P Global Market Intelligence. Encouraged by the overall bullish sentiment which buoyed the S&P 500 13% higher, investors also responded favorably to news revealing the global expansion of the company's operations, indications that the company was successfully navigating the challenges wrought by the coronavirus, and the stock's inclusion in a new index.
Early in April, Enphase revealed a variety of training solutions for installers to prepare them for when social distancing requirements subsided. In addition to online training options, Enphase also announced the opening of 11 regional training centers, which will provide installers with hands-on training.
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