NasdaqGM:ENPHSemiconductor
Enphase Energy Restructuring Weighed Against Valuation And Mixed Share Performance
Enphase Energy (NasdaqGM:ENPH) is cutting about 6% of its workforce as part of a major restructuring.
The company is shifting certain functions to lower cost regions to reduce expenses.
The move comes as residential solar demand softens following the expiration of federal tax credits.
For investors watching Enphase Energy at a share price of $39.42, this restructuring follows a mixed run in the stock. The shares are up 12.7% over the past week, 19.5% over the past month, and 16.8% year to...