3 Years Ago
2 Min Read
ENPH shares jumped up 5% today. Here's why:
Enphase Energy Inc (ENPH) is trading 5% higher at $268.75 today.
- Sen. Joe Manchin (D-WV) indicated reaching agreement with party leadership over an economic bill that includes climate spending.
- JP Morgan analyst Mark Strouse: "Details of the bill are not yet available, but based on commentary from the Senators, we expect spending on clean energy (including hydrogen, nuclear and renewables) as well as fossil fuels"
Enphase Energy Inc has been trading between a 52-week high of $282.46 and a 52-week low of $113.4. The stock has a market cap of $36.4 Billion.
Enphase Energy, a global energy technology company, delivers smart, easy-to-use solutions that manage solar generation, storage and communication on one intelligent platform. The Company revolutionized the solar industry with its microinverter technology and produces a fully integrated solar-plus-storage solution. Enphase has shipped more than 32 million microinverters, and approximately 1.4 million Enphase-based systems have been deployed in more than 130 countries.
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As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:
SKIman182 - 9 upvotes - source
I can’t fucking believe I had 2000 shares of ENPH at 3.20 avg in 2018. Downloaded the robinhood app as a college kid and thought solar panel tech sounded smart… sold in the 4s like a genius
XPlatform - 4 upvotes - source
ENPH got me feeling FOMO some kinda way... 25% in a few days is wild for something that size.
unikuenobody - 3 upvotes - source
ENPH $272.5 calls @ 9:55am yesterday = 0.31. 24 hours later, same time = 12.80. 40X bagger. But noooo, big brain bear in me couldn't resist the puts. Losing it, as well as the banbet. ^(I'll do it again.)
relavant__username - 2 upvotes - source
retail swaps blowing up all over. Check FCEL, Check GEVO, ENPH
Drunk_Crab - 2 upvotes - source
In 2019 I bought ENPH for $20 and sold it 5 days later for $23.
SmackEh - 2 upvotes - source
I don't know who the ENPH ceo is but I'd imagine he bangs a lot of interns.
gpeters1 - 2 upvotes - source
ENPH only prints 🤑
Grunblau - 1 upvotes - source
I have only sold ENPH because it became more than 2% of my portfolio…
Kathie-Wood - 1 upvotes - source
ENPH mooning 🌚
KelbySmith - 1 upvotes - source
SOLAR EXPLODING. Renewables exploding. FCEL ENPH RUN JKS
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