Enphase (ENPH) Soars 14% on Demand Surge Ahead of Tax Credit Deadline Enphase Energy Inc. 's stock rose 14. 31 percent to $48. 01 apiece on Thursday, as investors anticipated the federal solar tax credit deadline.
The company's new IQ9S 3P Commercial Microinverter is a highly touted product, but its viability outside of tax credit schemes is dubious. Analysts point out that this product relies heavily on government handouts.
"This product is only viable because of the looming deadline for federal solar tax credits," said one analyst. Without these artificial props, Enphase Energy's stock price would likely plummet.