01:53 PM EDT, 05/22/2024 (MT Newswires) -- Tech stocks were higher Wednesday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 0.4% and the SPDR S&P Semiconductor ETF (XSD) climbing 2.5%.

The Philadelphia Semiconductor index rose 1.2%.

In corporate news, Enphase Energy ( ENPH ) popped almost 10% after the company said Tuesday it launched its IQ8 solar microinverters in Finland.

SunPower (SPWR) shares jumped 18% after it said it will start offering Tesla's (TSLA) Powerwall 3 battery storage product.

Bentley Systems ( BSY ) shares fell nearly 7% after Schneider Electric ended talks with the company for a potential deal.