Reported 23 days ago
Wells Fargo analysts have noted that recent revisions to a Senate tax bill will positively impact Enphase Energy Inc. (NASDAQ:ENPH), a leader in solar technology. The removal of a proposed excise tax on foreign content will generally benefit the solar sector, allowing Enphase to leverage extended project timelines and tax credit eligibility for new solar projects. Enphase's innovative approach with microinverters positions it well amid the ongoing transition to renewable energy, having already avoided significant carbon emissions through widespread deployment.
Source: YAHOO