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Benzinga

Business

Mark Putrino

Stock Of The Day: Is The Enphase Energy Downtrend Finally Over?

ENPH Enphase United States Australia

Konskie,,Poland,-,January,21,,2024:,Enphase,Energy,Company,Logo

Enphase Energy, Inc. (NASDAQ:ENPH) is trading higher by more than 4.4% at last check on Monday. This follows a significant jump on Friday, driven by news that the company announced the launch of its new IQ Batter 5P with FlexPhase for customers in Australia — its most powerful home battery.

The long downtrend that the stock has been in may finally be about to end. Enphase could be about to reverse and move higher. This is why it's our Stock of the Day.

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