Enphase Energy shares rise 1.59% intraday after achieving compliance for Europe's new cybersecurity requirements.

Enphase Energy, Inc. rose 1.59% in intraday trading, with the company announcing that all its products subject to the European Union's Radio Equipment Directive (RED) Article 3.3 cybersecurity requirements are certified to be in compliance with the rules. This news is positive for the company as it demonstrates their commitment to security and compliance, which could attract more customers and investors. Additionally, Jefferies adjusted Enphase Energy's price target to $36, which is a bullish signal for the stock.