Enphase Energy sees light at the end of the tunnel this year for the solar market after the industry has taken a beating from high interest rates.High rates have depressed demand for residential solar installations in 2023, leaving companies like Enphase saddled with too much inventory. Enphase manufactures inverters that convert solar energy into electricity that is compatible with the grid.CEO Badri Kothandaraman is forecasting that company will see a bottom in the first quarter this year and then start t ...

In this video, I will go over Enphase's (ENPH 17.64%) fourth-quarter earnings and explain why the stock is up despite the company reporting a triple miss -- meaning a miss on revenue, earnings, and guidance estimates.*Stock prices used were from the trading day of Feb. 6, 2024. The video was published on Feb. 6, 2024. ...

Enphase Energy, Inc. (ENPH) reported fourth-quarter 2023 adjusted earnings of 54 cents per share, indicating a 64.2% decline from $1.51 reported in the prior-year quarter. The bottom line came in line with the Zacks Consensus Estimate.Including one-time adjustments, the company posted GAAP earnings of 15 cents per share, which came in lower than the year-ago quarter’s level of $1.06.For 2023, the company reported adjusted earnings of $4.41 per share, which highlights a 4.5% decline from $4.62 reported in th ...

Enphase Energy Inc (NASDAQ: ENPH) opened close to 20% up on Tuesday even though it came in shy of Street estimates in its fourth financial quarter.Why is Enphase Energy stock up today?Copy link to sectionThe energy technology company did not impress in terms of future guidance as well. But the solar stock is keeping resilience because it wasn’t a big enough miss, as per the Wolfe Research analysts. We see revenues exiting 2024 at a run-rate of ~500M/quarter on 3.1M microinverter shipments with sequential im ...

Enphase Energy (ENPH) came out with quarterly earnings of $0.54 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.51 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this solar technology company would post earnings of $1.02 per share when it actually produced earnings of $1.02, delivering no surprise.Over the last four quarters, the company has surpassed consensus EPS estimates two times.Enphase Energy, which be ...

Enphase Energy Inc. shares jumped more than 14% in the extended session Tuesday after the alternative-energy company presented investors with a mixed quarter, but one that soothed more immediate concerns about the ailing sector. Enphase ENPH, +2.77% earned $21 million, or 15 cents a share, in the fourth quarter of 2023, compared with $154 million, or $1.06 a share, in the year-ago quarter. Adjusted for one-time items, the company earned 54 cents a share. Revenue dropped 58% to $302.6 million, from $724 ...

Enphase Energy, Inc. (ENPH) is scheduled to report fourth-quarter and full-year 2023 results on Feb 6, after the closing bell.In the last reported quarter, the company’s earnings came in line with the Zacks Consensus Estimate. Enphase Energy has a trailing four-quarter average earnings surprise of 11.97%.Factors to NoteThanks to the growing product demand in the solar market in recent times, Enphase Energy can be expected to have shipped a solid number of its microinverters and batteries from its own manufa ...

Enphase Energy (ENPH) closed the most recent trading day at $105.44, moving +1.26% from the previous trading session. The stock outpaced the S&P 500's daily gain of 1.25%. Elsewhere, the Dow saw an upswing of 0.97%, while the tech-heavy Nasdaq appreciated by 1.3%.Heading into today, shares of the solar technology company had lost 15.09% over the past month, lagging the Oils-Energy sector's loss of 1.82% and the S&P 500's gain of 1.58% in that time.The investment community will be paying close attention to t ...

Though solar energy stocks are lagging in 2024, the sector has bright days ahead. Analysts project that one in seven homeowners will have solar installed by 2030, especially if presidential administrations keep tax credit opportunities on the table moving forward. Already, solar capacity tripled over the past six years, and continued technological innovations combined with reduced costs will accelerate the trend across residential and commercial sectors.However, it’s important to balance your solar energy s ...

Enphase Energy, Inc. (ENPH) recently commenced shipment of its new IQ8 microinverters, IQ8HC and IQ8X, with a peak output power of 384 watts (W), in North America’s solar market. These microinverters will support high-powered solar modules.The IQ8HC microinverters are now available in the whole of North America, while the IQ8X is available in the United States. Significance of IQ8 MicroinvertersEnphase Energy’s two new microinverters can seamlessly pair with a full range of solar modules up to 540W Direct C ...