Powered by

Solar component supplier Enphase's stock surges despite Trump tariffs

Feb 28, 2019 - SNL Energy Finance Daily
Product Launch

One year after Enphase Energy Inc.'s solar panel-integrated microinverters were "inadvertently affected" by President Donald Trump's imposition of 30% trade tariffs on imported solar modules and the subsequent placement of a separate round of 10% tariffs on its conventional microinverters, the Petaluma, Calif.-based company appears to be managing just fine.

After posting its first annual profit in four years, an adjusted net earnings of 10 cents per share in 2018, and projecting continued ...