North Bay Business Journal

Friday, March 30, 2012, 1:18 pm

Enphase stock price rises 22% on IPO

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Paul Nahi and staff applaud opening

Enphase Energy CEO Paul Nahi (center front) applauds the start of trading.

PETALUMA — The price of Enphase Energy Inc. (Nasdaq: ENPH) common shares rose 22.3 percent to $7.34 at the close of trading Friday after the stock’s debut on Nasdaq Global Market.

Paul Nahi in front of Nasdaq and ENPH logos

Enphase Energy CEO Paul Nahi

The maker of electricity microinverters for photovoltaic arrays set the price of shares last night at $6 a share. The stock price opened at $7.50 a share after CEO Paul Nahi rang the opening bell for trading.

The price of shares ranged between $7.06 and $7.76 on volume of 5.05 million shares.

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