Why Enphase Energy Shares Are Rising

Why Enphase Energy Shares Are Rising

Enphase Energy Inc ENPH shares are trading higher after the company announced it expanded its Enphase Installer Network in Victoria, Australia.

Enphase Energy says Victoria's commitment to solar energy is spearheaded by the Solar Homes Program, which is driven by Solar Victoria, the only state body in the country specifically formed to promote solar energy growth. 

The stock may also be trading higher possibly due to the Russia-Ukraine conflict which has caused an increase in oil prices and pressure on some countries to become less dependent on Russian gas.

Enphase Energy is a global energy technology company. The company delivers smart, easy-to-use solutions that manage solar generation, storage and communication on one platform. 

See Also: Why Teladoc Shares Are Trading Higher Today

Enphase Energy has a 52-week high of $282.46 and a 52-week low of $108.88.

Posted In: why it's movingMoversTrading Ideas

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.