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Why Is Enphase Energy Stock Skyrocketing Wednesday? - Enphase Energy (NASDAQ:ENPH)
- On Wednesday, Enphase Energy, Inc. reported a Q4 beat with $343.321 million in sales and 71 cents EPS, causing a premarket rise during early trading.
- Operationall, Enphase scaled shipments and deployments, with roughly 1.55 million microinverters shipped and 150.1 megawatt hours of IQ Batteries moved during the quarter, supported by approval of the IQ Meter Collar by 52 U.S. utilities.
- The company exited the quarter with $1.51 billion in cash, cash equivalents and marketable securities and $47.6 million in cash flow from operations, forecasting first-quarter revenue of $270 million to $300 million, topping Wall Street's estimate of $262.2 million.
- Brokerage actions included multiple upgrades and price-target raises from Goldman Sachs to Buy at $45.00, Citigroup to Neutral at $37.00, and BMO Capital to Market Perform at $41.00, while ETFs holding ENPH could trigger automatic trading.
- Investors are now eyeing the April 21, 2026 earnings date while technical levels sit near Key Resistance: $47.00 K and Key Support: $43.00 amid a P/E of 25.5x and mixed momentum signals.
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Coverage Details
Total News Sources17
Leaning Left5Leaning Right0Center6Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
L 45%
C 55%
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