Energy technology company Enphase Energy (NASDAQ: ENPH) designs and develops energy management technology for the solar industry. Microinverters remain its legacy product. The company has shipped more than 32 million microinverters to date. Moreover, an expanding global footprint is another strong point of Enphase, whose residential and commercial systems have been deployed across 130 countries. Enphase’s multi-bagging story is exceptional. Starting as a penny stock at the beginning of 2017, and rising to $121.75 as of yesterday’s close, the ENPH stock has appreciated a massive 8071.14% over the past 5 years. Some Growth Drivers The solar industry is expanding due to the strong demand for clean energy.
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