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The recent gains for U.S. equities continued at midday following more comments from Fed officials about potentially cutting interest rates. The Dow, S&P 500, and Nasdaq were all in the green.
Enphase Energy Inc. (ENPH) is slashing jobs as the maker of solar power equipment said it was dealing with a "challenging macroeconomic environment.”
Enphase Energy (NASDAQ: ENPH ) layoffs are in the news Tuesday as the home energy solutions company prepares for major job cuts. Enphase Energy confirmed in a filing with the Securities and Exchange C
Here's our daily look at three charts tied to recent news-driven price moves, with key technical levels to monitor.
Enphase Energy (ENPH) closed the most recent trading day at $124.03, moving +0.09% from the previous trading session.
The company's stock is down 53% this year as high interest rates have depressed demand.
Enphase Energy Inc. said late Monday it plans to lay off 10% of its workforce, including workers and contractors in Wisconsin, as it seeks to “right-size” its business.
Enphase stock is up 54% since the company reported its third-quarter earnings.
Higher interest rates have been a headwind for many sectors, including solar energy. As the Federal Reserve may pivot to rate cuts next year, hope is on the horizon for the renewable energy sector.
Enphase Energy Inc (NASDAQ: ENPH) has been a huge disappointment for investors in 2023 but a fund manager remains convinced that the story moving forward will be a different one.
Analysts at Jefferies late Thursday announced the start of their alternative-energy stock coverage, bestowing upon First Solar Inc. FSLR, +7.98%, Enphase Energy Inc. ENPH, +11.72%, and SunRun Inc. RUN
The Fed meeting spurred confidence in lower inflation and lower interest rates in 2024.

Why Are Solar Stocks Up Today?

01:06pm, Thursday, 14'th Dec 2023
Shares of several high-profile renewable energy specialists — including Enphase Energy (NASDAQ: ENPH ), SunPower (NASDAQ: SPWR ) and Sunrun (NASDAQ: RUN ) — are skyrocketing on Thursday. Naturally

How the Fed Pumped Solar Energy Stocks Today

05:17pm, Wednesday, 13'th Dec 2023
The Fed kept rates flat today, but it was expectations for cuts in 2024 and 2025 that excited investors. Solar installations are financed through long-term financing, so higher interest rates have bee

3 Sleepy Stocks Ready to Wake up in 2024

12:20pm, Wednesday, 13'th Dec 2023
As 2023 comes to an end, many investors are breathing a little easier about their portfolios. As you start to do your year-end rebalancing you may be looking for stocks to buy for 2024.
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