Stock Track | Enphase Energy Soars 6.19% Intraday on Pre-Orders for New Commercial Microinverter Ahead of Tax Credit Deadline

Stock Track05-14 22:55

Enphase Energy's stock soared 6.19% during intraday trading on Thursday, driven by the company's announcement of opening US pre-orders for its new IQ9S-3P Commercial Microinverter.

The new microinverter supports high-wattage solar panels up to 770 W and connects directly to three-phase grid configurations without requiring an external transformer. The pre-orders allow customers to safe harbor the equipment ahead of upcoming federal tax credit deadlines, potentially accelerating near-term order intake for the company.

The rally comes despite a softer broader energy sector, highlighting investor optimism around Enphase's new product launch and its strategic timing with tax incentives.

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