Feb 24, 2021 at 12:41PM

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What happened

The stock of solar power technology and energy storage company Enphase Energy (NASDAQ:ENPH) initially dropped Wednesday before bouncing back as investors digested a capital raise announcement.

Shares were down more than 4% early, before rebounding to a 3.7% gain as of noon EST. 

So what

Enphase Energy today announced its intention to issue $1 billion in green convertible

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