U.S. markets closed
  • S&P Futures

    4,693.50
    +8.50 (+0.18%)
     
  • Dow Futures

    35,740.00
    +27.00 (+0.08%)
     
  • Nasdaq Futures

    16,366.25
    +48.25 (+0.30%)
     
  • Russell 2000 Futures

    2,258.40
    +4.50 (+0.20%)
     
  • Crude Oil

    71.67
    -0.38 (-0.53%)
     
  • Gold

    1,787.90
    +3.20 (+0.18%)
     
  • Silver

    22.51
    -0.01 (-0.04%)
     
  • EUR/USD

    1.1287
    +0.0014 (+0.12%)
     
  • 10-Yr Bond

    1.4800
    +0.0460 (+3.21%)
     
  • Vix

    21.89
    -5.29 (-19.46%)
     
  • GBP/USD

    1.3242
    -0.0000 (-0.00%)
     
  • USD/JPY

    113.4700
    -0.0700 (-0.06%)
     
  • BTC-USD

    50,473.72
    -280.00 (-0.55%)
     
  • CMC Crypto 200

    1,303.43
    -17.85 (-1.35%)
     
  • FTSE 100

    7,339.90
    +107.62 (+1.49%)
     
  • Nikkei 225

    28,715.10
    +259.50 (+0.91%)
     

Why Enphase Energy Shares Are Rising

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Shares of several solar stocks, including Enphase Energy, Inc. (NASDAQ: ENPH), are trading higher amid energy supply shortages, causing a potential increase in demand for alternative energy sources.

According to a Wall Street Journal report, energy supply shortages are slowing factory activity around the world and contributing to a recent pickup in inflation.

Worries about inflation and climbing government-bond yields have in turn sparked volatility in U.S. stocks in recent weeks.

Enphase Energy, Inc., together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally.

Enphase Energy's stock was trading about 6.9% higher at $164.97 per share on Monday at the time of publication. The stock has a 52-week high of $229.04 and a 52-week low of $92.14.

See more from Benzinga

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.