Why Enphase Energy Stock Jumped 22.1% This Week
Enphase(US:ENPH) The Motley Fool·2024-02-09 22:07Shares 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 ...