Why Enphase Energy's Shares Dropped 8.2% on Thursday

Why Enphase Energy's Shares Dropped 8.2% on Thursday

Shares of solar supplier Enphase Energy (NASDAQ: ENPH) plunged as much as 8.2% in trading on Thursday after the company announced a larger debt offering. Yesterday, Enphase Energy announced a $1 billion green bonds offering, which was intended to be $500 million of 2026 and 2028 convertible senior notes.