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Why Enphase Energy Stock Dropped, Then Jumped Today

Why Enphase Energy Stock Dropped, Then Jumped Today

The stock of solar power technology and energy storage company Enphase Energy (NASDAQ: ENPH) initially dropped Wednesday before bouncing back as investors digested a capital raise announcement. Enphase Energy today announced its intention to issue $1 billion in green convertible senior notes. Any conversions of the senior, unsecured notes will be either in cash, common stock, or a combination.