Why Enphase Stock Just Popped

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Investors in solar microinverter manufacturer Enphase Energy (NASDAQ: ENPH) are having a good day Wednesday. Enphase “beat earnings” last night, and as of 12:45 p.m. EST, its stock is up 7.6%.

Heading into fiscal Q4 2020, analysts had forecast that Enphase would earn $0.40 per share on sales of $254.8 million. Business was better than that, though, and as it turns out, Enphase earned $0.51 (pro forma) on sales of $264.8 million. 

Image source: Getty Images.

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