What happened Shares of solar microinverter company Enphase Energy (NASDAQ: ENPH) dropped as much as 8.6% in trading Tuesday after the company announced an acquisition. Shares ended the day off 7.6%. So what Enphase announced the acquisition of Sofdesk, a software company that makes digital tools and services intended to simplify the sales process for the residential solar industry. This is another move to increase the software offerings from Enphase, which is quickly pushing into energy storage and smart home systems. Image source: Getty Images. The idea here is that Enphase will be able to offer a full software solution to hundreds of installers. Everything from sales leads to energy storage monitoring would run through Enphase's system, which could both make installers' lives easier and help grow Enphase's bottom line very quickly. Now what This has been one of the hottest solar energy stocks the past year and despite a relatively positive announcement the stock has fallen. But this could just be profit-taking by investors looking for a reason to sell. I wouldn't take today's news as a reason to jump ship; in fact, it might be just the opposite considering how deeply Enphase is engraining itself in the solar sales process. 10 stocks we like better than Enphase Energy, Inc.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Enphase Energy, Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source