Enphase Energy's stock ($ENPH) saw a significant rise of 17-18% following a lackluster earnings report. The company's CEO, Badri Kothandaraman, believes that the first quarter will represent the bottom. Despite falling short of expectations with earnings of 54 cents per share on revenue of $303M in Q4, Enphase's stock surged. The CEO also expressed optimism about the solar industry's potential rebound due to falling interest rates and rising utility costs. Analysts and market participants are discussing the potential bottoming of the solar ETF TAN, with Barclays raising the price target for Enphase Energy to $115 from $106.
Jon & Pete talked about $ENPH Enphase Energy yesterday on Rebels Edge 🏴☠️ Today Barclays price target $115 from $106 #solarmicroinverters #batteryenergy storage EV charging stations Etc. https://t.co/TO50cBgmI4
Mish’s Daily: Has the Solar ETF TAN Bottomed? $ENPH $SEDG $TAN Overall, this sector, if bottomed out here and mirrors 2020, could move up to 57 area (the 200-DMA) and higher, which gives TAN a very good risk/reward. See why: https://t.co/douakpXlhf https://t.co/Fvc0WaF1ow
Enphase CEO says solar industry poised to rebound on falling interest rates and rising utility costs https://t.co/zP2PNPcX7j
$TAN up 5% today-there's that timing-we bought for our clients yesterday https://t.co/Pv7NGq6fIX
I still dont get why $ENPH is up? $ENPH CEO Badri Kothandaraman thinks that the first quarter will represent the bottom. Enphase earned 54 cents per share on revenue of $303M in the fourth quarter, below expectations for earnings per share of 55 cents on revenue of $328M
Enphase Stock Is Soaring. The CEO Has Called a Bottom. https://t.co/ABwrZYZjrO
$ENPH and $SEDG up 20% each, squeeze 'em
Really Interesting move in $ENPH after a lackluster earnings report. Earnings can can often be a rerating event regardless of the actual numbers. CG makes a great point is solar getting re-rated but the upside ? https://t.co/I4I4B5PicT
Enphase $EPNH Earnings - Is the Bottom in for Solar? Rev $303M vs $325M est EPS $0.54 vs $0.55 est Q1 Guide: Rev $260-300M vs $315M est Stock +18% on this set of shortfalls $SEDG
$ENPH (+17.5% pre) Enphase sees demand improving in near term, shares jump - Reuters https://t.co/Fq7SlOW6tP
$Enph stock 17% rally from OrderFlow level
$ENPH calling bottom prob. why stock rose 13% A/H https://t.co/dPpzkCUX2h
Enphase sees demand improving in near term, shares jump https://t.co/eaYZmliqRc https://t.co/zo1wNNJHEz