Enphase Energy rises on new safe harbor agreement

Enphase Energy

20/11/2025 13:23

** Shares of solar inverter maker Enphase Energy  ENPH.O rise 1.8% to $27.37 premarket

** Enphase announces a safe harbor agreement with a leading solar and battery financing company

** ENPH says the agreement, projected to generate $68 million in revenue over 12-24 months starting in 2026, highlights its strong foothold in the third-party ownership segment

** Deal includes ENPH's IQ9 microinverters for residential projects, with U.S.-produced units set to ship in Q1 2026

** The agreement enables customers to "secure tax credit eligibility for new residential projects", while advancing clean energy access, says Ken Fong, senior vice president of sales at ENPH

** As of last close, shares down 60.9% YTD

(Reporting by Sumit Saha in Bengaluru)

((Sumit.Saha@thomsonreuters.com;))