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Enphase Energy jumps more than 25% after Q3 earnings, microgrid news

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Enphase Energy jumps more than 25% after Q3 earnings, microgrid news
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Enphase Energy Inc. stock rallied more than 25% on Wednesday, poised for its highest close since Jan. 7 and its largest one-day percent increase since March 2020. The stock was the best performing in the S&P 500 index on Wednesday. The energy management technology company late Tuesday reported third-quarter earnings well above Wall Street expectations, saying it earned an adjusted 60 cents a share on sales of $352 million in the quarter, compared with forecasts for adjusted earnings of 49 cents