Enphase Energy crushes estimates with $410M revenue and record battery shipments driving margin strength.
Enphase Energy (ENPH) came out with quarterly earnings of $0.9 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.65 per share a year ago.
Chinese solar stocks soared on Tuesday as state media reported that authorities were planning to strengthen controls on solar production capacity, as the industry faces a glut of supply that has driven prices unsustainably low.
In the most recent trading session, Enphase Energy (ENPH) closed at $34.82, indicating a +1.6% shift from the previous trading day.
ENPH expands its IQ Energy Management system to control electric water heaters, enhancing AI-driven smart home energy use across Europe.
The latest trading day saw Enphase Energy (ENPH) settling at $36.71, representing a +1.89% change from its previous close.
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
Enphase Energy (ENPH) reached $37.73 at the closing of the latest trading day, reflecting a +1.93% change compared to its last close.
The latest trading day saw Enphase Energy (ENPH) settling at $35.39, representing a -1.91% change from its previous close.
Recently, Zacks.com users have been paying close attention to Enphase Energy (ENPH). This makes it worthwhile to examine what the stock has in store.
Enphase Energy begins U.S. pre-orders for its IQ9N-3P Commercial Microinverter to boost efficiency and cut installation costs in commercial solar energy.
In the latest trading session, Enphase Energy (ENPH) closed at $38.81, marking a -2.12% move from the previous day.