Enphase Energy announces new $1B share repurchase pact

Enphase Energy announced that its Board of Directors approved a new share repurchase program with authorization to purchase up to $1B of shares of its common stock.”Given our confidence in our long-term strategy and the value we see in our stock, our board has authorized an additional $1.0 billion for share repurchases,” said Badri Kothandaraman, president and CEO of Enphase Energy. “Our significant free cash flow generation allows us to continue investing for the long term, while also opportunistically buying back stock through a repurchase program.”