Zacks Investment Research upgraded shares of ENPHASE ENERGY (ENPH) from UNDERPERFORM to NEUTRAL on April 30, 2013, with a target price of $7.30.
Enphase Energy, Inc. delivers microinverter technology for the solar industry, which increases productivity and reliability of solar modules. The Company builds a semiconductor-based microinverter system that converts direct current electricity to alternating current electricity at the individual solar module level. Enphase sells its microinverter systems primarily to distributors who resell them to solar installers. It also sells directly to installers, as well as through original equipment manufacturers. Enphase Energy, Inc. is headquartered in Petaluma, California.
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