What's Going On With Enphase Energy Stock Today?

Enphase Energy, Inc. ENPH shares are trading lower. The company announced that it has expanded its relationship with 4blue on Thursday.

What To Know: The partnership with solar and battery systems wholesaler 4blue will allow the company to distribute IQ Microinverters and IQ Batteries in the Netherlands, Germany, Belgium and Luxembourg.

"The quality and reliability of Enphase's IQ Microinverters and IQ Batteries have resulted in strong customer satisfaction, which helps to strengthen our reputation and grow our business," said Robert-Paul Evers, CEO of 4blue.

"We take pride in helping our installer partners source and deeply understand Enphase's home energy management solutions to help meet the needs of their customers from sale to install to ongoing operations and maintenance."

Enphase's IQ Microinverters utilize distinctive software-defined architecture and semiconductor integration, resulting in exceptional reliability and cost efficiency through economies of scale.

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ENPH Price Action: Enphase is down about 12% over the last month and approximately 40% year-to-date.

ENPH shares were down 2.35% at $157.63 at the time of publication, according to Benzinga Pro.

Image by Michael Schwarzenberger from Pixabay