Shares of solar energy company Enphase Energy (ENPH 4.78%) jumped as much as 22.3% in trading this week after the release of fourth-quarter 2023 financial results and are heading higher near the end of the week. According to data provided by S&P Global Market Intelligence, shares are up 22.1% for the week as of 1:30 p.m. ET, and it looks like the turnaround is on for the company.Revenue is in freefall for Enphase EnergyThe quarterly numbers themselves weren't good. Revenue dropped 58% from a year ago to $30 ...

Key PointsShares are jumping this week off the back of recovery potential. They still have a long way to go, but the outlook is as bright as it's been in months. Look for shares to consolidate their recent gains before building on them further into next week. 5 stocks we like better than Enphase EnergyIt's only been three weeks since we called Enphase Energy Inc. NASDAQ: ENPH an "under-the-radar energy stock" with a ton of potential, and we're already being proved right. Having spent almost all last year be ...

In this video, Motley Fool contributor Jason Hall breaks down Enphase Energy's (ENPH -0.54%) latest results, expectations, and what investors should know about the solar market.*Stock prices used were from the afternoon of Feb. 7, 2024. The video was published on Feb. 8, 2024. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-35480 Enphase Energy, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or o ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Key TakeawaysThe S&P 500 gained 0.8% on Wednesday, Feb. 7, 2024, as strong earnings reports from tech and consumer discretionary firms helped stocks push higher.Solar company Enphase Energy and electrical equipment provider Emerson Electric issued positive 2024 forecasts, and their shares soared.Shares of VF Corp. dropped after the apparel and footwear company reported revenue declines across its core brands.Major U.S. equities indexes moved higher on Wednesday as the markets took in the latest series of qu ...

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 ...