Enphase Energy Jumps After MSCI Index Addition

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Investing.com — Enphase Energy (NASDAQ:ENPH) jumped 9% after being added to the MSCI USA Index.  

The company will join the index as of Nov. 30.

Enphase Energy is an energy technology company and the world’s leading supplier of solar microinverters. The company delivers solutions that connect solar generation, storage and management on one platform. 

Shares hit a record on Monday, when Goldman Sachs (NYSE:GS) raised the price target on Enphase Energy to $127 from $120 while maintaining a neutral rating, according to StreetInsider. The stock has eight buy ratings, six holds and no sells, according to analysts tracked by Investing.com.

Also on Monday, Enphase announced that Cutler Bay Solar Solutions in Florida has deployed more than 1.5 MWh of Enphase Encharge storage systems.

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