Enphase Energy Co., Ltd. (Enf) reported that it outperformed its 4th Quarter ending December 31, 2022. Earnings per share were his $1.51 versus his $1.27 forecast.
Revenue was $724.65 million. This represents a growth of 14.17% compared to the previous quarter and a growth of 75.58% compared to the same period last year.
Earnings announcements often affect stock prices. For more information on ENPH shares, please visit company report.
You can also follow up on upcoming earnings releases scheduled for this week and next week. calendar.
Enphase Energy Inc, What’s Next for Post-Earnings?
According to TipRanks, the average analyst consensus for the ENPH stock is a moderate buy. This consensus is based on his 11 analyst assessments over the past three months.Enphase Energy, Inc. average price target $306.36 means a 34.10% increase from the current level.
see us earnings calendar For a complete list of this week’s earnings releases.
Conclusion
Earnings growth may indicate a positive move in the stock price. ENPH is currently priced at $228.46, showing an increase of 0.33% in 5 days.
About Enphase Energy Inc.
Enphase Energy, Inc. is an energy technology company that provides energy management technology solutions to the global photovoltaic industry. It designs, develops, manufactures and markets software-driven residential energy solutions that connect energy generation, energy storage, web-based control and communications management services.
ENPH Financial Details here