Enphase Energy shares surge 10% in week; partners with Natec

Enphase Energy, Inc.'s shares have surged more than 10% in the past week. The company recently announced that it has furthered its association with Natec to distribute IQ Microinverters and IQ Batteries throughout Europe.

Natec is a leading wholesaler of solar and battery products. Natec's head of purchasing, Pieter van de Meerakker, emphasized the importance of the relationship between the two companies when he said, Enphase is the market leader in microinverter technology and has an amazing reputation with installers throughout Europe. We're proud to see Enphase continue to grow its operations across the region and look for new ways to make solar energy smarter, simpler, and more affordable for homeowners. IQ Microinverters utilize Enphase's distinctive software-defined architecture and semiconductor integration for excellent reliability and cost-effectiveness.

Enphase began production shipments of microinverters from its contract manufacturer Flex in Romania earlier this year. The factory has enabled Enphase to improve delivery times to European customers while maximizing the region's speedy growth and demand for residential solar due to the increase in global capacity of microinverters per quarter.

ENPH price action: Shares of ENPH rose 4.37% to $181.47 yesterday, according to Benzinga Pro.