Enphase Energy Reports Financial Results for the Third Quarter of 2021
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Why Enphase Energy (ENPH) Stock Surged 21% and What Analysts Have to Say About It
October 27, 2021 10:21 AM EDTShares of Enphase Energy (NASDAQ: ENPH) are up more than 21% in todays trading session after the company delivered strong Q3 results.
Enphase reported Q3 EPS of $0.60 to easily beat the analyst estimate of $0.48. Revenue for the quarter came in at $351.5 million versus the consensus estimate of $343.09 million.
Strong demand for our microinverter systems continued in the third quarter of 2021, while shipments of our Enphase Storage systems increased approximately 51%, compared to the second quarter of 2021. Our Load Control feature gained significant... More
Enphase Energy (ENPH) PT Raised to $210 at Needham & Company
October 27, 2021 8:27 AM EDTNeedham & Company analyst James Ricchiuti raised the price target on Enphase Energy (NASDAQ: ENPH) to $210.00 (from $195.00) while maintaining a Buy rating.
The analyst commented, "ENPH reported strong 3Q21 results that sharply exceeded our and consensus estimates. Besides the beat, the highlights of the... More
Enphase Energy (ENPH) Tops Q3 EPS by 12c
October 26, 2021 4:15 PM EDTEnphase Energy (NASDAQ: ENPH) reported Q3 EPS of $0.60, $0.12 better than the analyst estimate of $0.48. Revenue for the quarter came in at $351.5 million versus the consensus estimate of $343.09 million.
GUIDANCE:
Enphase Energy sees Q4 2021 revenue of $390-410 million, versus the consensus... More
