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Also, several macroeconomic and environmental factors are working in Enphase’s favor.
Source: https://investorplace.com/2023/09/rocket-stocks-3-investments-primed-to-skyrocket-by-years-end/
Enphase’s stock took a hit, dropping by 3.78% to close at $166.8.
This also bolsters Citi’s argument about Enphase’s ability to pursue growth without sacrificing profitability.
Source: https://investorplace.com/market360/2023/03/prospects-remain-bright-for-solar-play-enph-stock/
“We’re excited to announce our contract manufacturing partnership with Enphase and bring to market product that expands consumer access to Enphase’s industry-leading energy solutions,” said, president of Foxconn Industrial Internet, USA.