Enphase Energy Strengthens Ties With Natec In Europe

Enphase Energy Inc ENPH announced expanding its distribution partnership with Natec in Europe.
Both companies have collaborated to distribute IQ microinverters and batteries across Europe.
"Natec is a world-class distribution partner and we're excited to expand our relationship with them with a mutual focus on creating a superior customer experience for our customers and end-users," stated Marco Krapels, vice president of international sales at Enphase Energy.
Last week, ENPH disclosed the launch of its most powerful home battery, IQ Battery 5P, in the U.S. and Puerto Rico.
Also, earlier this month, the company declared the launch of IQ8 Microinverters in Poland.
Apart from this, ENPH declared the deployment of the IQ7 family of microinverters in the U.K.
Last month, ENPH reported worse-than-expected first-quarter sales and issued weak second-quarter guidance.
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Price Action: ENPH shares are trading higher by 4.5% at $172.68 on the last check Tuesday.