Enphase Energy +19% on Flextronics license agreement

|About: Enphase Energy Inc. (ENPH)|By:, SA News Editor

Enphase Energy (NASDAQ:ENPH+19% premarket after disclosing that it signed a master license agreement with Flextronics (NASDAQ:FLEX), allowing FLEX to market, manufacture and sell certain ENPH products.

FLEX has been an ENPH microinverter manufacturing partner since 2009.

The announcement provides no further details, but it is enough for Deutsche Bank to upgrade ENPH to Hold from Sell with a $1 price target.

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