Enphase Energy stock gets an upgrade despite weak guidance

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 ...