Enphase Energy Inc (ENPH) is trading 14% higher at $245.79 today.
- Earnings of $1.07 per share on Revenue: $530M compared to $505M expected
- Enphase guided to $590M-$630M compared to Wall Street expectations for $551M
- While US is 80% of Enphase's business, European business jumped 69% compared to the same quarter the previous year
- CEO: "Maybe in two years from today, that number will get closer to 50/50" as a result of Europe scrambling to rejigger its energy system in a bid to move away from Russian fuel.
Enphase Energy Inc has been trading between a 52-week high of $282.46 and a 52-week low of $113.4. The stock has a market cap of $33.2 Billion.
Enphase Energy, a global energy technology company, delivers smart, easy-to-use solutions that manage solar generation, storage and communication on one intelligent platform. The Company revolutionized the solar industry with its microinverter technology and produces a fully integrated solar-plus-storage solution. Enphase has shipped more than 32 million microinverters, and approximately 1.4 million Enphase-based systems have been deployed in more than 130 countries.
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As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:stevoacp1 - 5 upvotes -
sourcefuck it. GOOG and ENPH calls are the plays
richbeezy - 3 upvotes -
sourcePreliminary opinion on how tech earnings have been so far - tech will be the next safe haven if markets continue to struggle. The largest of corp’s will need tech to reduce costs/improve efficiency to combat “transitory inflation”. Inflation has peaked, markets will adjust to mild recession outcome and bid up Chad tech stocks like NVDA, GOOGL, AAPL, ENPH, TSLA, AMD, & GNRC. Add a dash of NFLX for a low beta play.
RUSH-Scrubz - 2 upvotes -
sourceENPH always pumps on earnings lol wtf
SmackEh - 2 upvotes -
sourceENPH with big green dildo. should have known not to buy puts, this one has unbelievable retard strength.
dweeegs - 2 upvotes -
sourceENPH is reporting today I think and they’re gonna get crushed
babbler-dabbler - 2 upvotes -
sourceENPH rocking after hours
bmault - 2 upvotes -
sourceENPH up $12 AH. me likey
solidsneeze - 2 upvotes -
sourceall my homies love ENPH
ThefirstoneNS - 2 upvotes -
sourceSolar bull market $ENPH
ComprehensiveWeird23 - 1 upvotes -
sourceEnph will always have a special place in my heart