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Enphase Joins Tesla as Latest Clean Tech Firm to Enter S&P

  • Maker of solar components saw shares surge 562% in 2020
  • Inclusion caps banner year for clean-energy industry
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Another clean-tech firm is joining the S&P 500 just weeks after Tesla Inc.’s historic inclusion in the index -- capping a banner year for alternative energy.

Enphase Energy Inc., a California-based company that builds solar-power components, will join the index before trading opens Jan. 7. Its entrance is the exclamation point on a landmark year for the company and for the solar industry broadly. The company’s shares have surged 562% since the end of 2019, while the WilderHill Clean Energy Index is up 206%.