Enphase Energy, Inc. (ticker ENPH) is a California-based company that manufactures, produces, and sells M, S and IQ series microinverters, Envoy monitoring systems, and inverter accessories to its clients in the solar photovoltaic industry.
On October 23, Enphase Energy, Inc. strengthened its position in Europe by entering the solar power market of Greece with its Q8 Microinverters and IQ batteries. Solar and battery systems are essential to Greece’s Ministry of Environment and Energy’s plan to transition to solar power solutions and away from fossil fuels. Hence, the government has subsidized solar power technology under a program to build two gigawatts of residential solar capacity by 2030.
In Q2, 50 hedge funds had a stake in Enphase Energy, Inc. with a combined stake value of $772.727 million.