Enphase Energy (NASDAQ: ENPH) will start the New Year off with a bang as the company has been tipped to join the S&P 500 Index. The S&P 500’s operator, S&P Dow Jones Indices, announced the news on Wednesday. With its ascension, Enphase replaces luxury goods maker Tiffany & Co. Following a fairly tortuous takeover saga, LVMH Moet Hennessy Louis Vuitton is acquiring Tiffany, so the latter will cease to be an independent company.
This article originally appeared on finance.yahoo.com