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Recap: Enphase Energy Q3 Earnings

Benzinga Insights
·1 min read

Shares of Enphase Energy (NASDAQ:ENPH) rose 4.28% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share increased 0.00% over the past year to $0.30, which beat the estimate of $0.24.

Revenue of $178,503,000 decreased by 0.86% year over year, which beat the estimate of $168,580,000.

Outlook

Enphase Energy Sees Q4 Sales $245M-$260M vs $243.34M Est.

Conference Call Details

Date: Oct 27, 2020

Time: 04:30 PM

View more earnings on ENPH

ET Webcast URL: https://edge.media-server.com/mmc/p/qo2gnphv

Technicals

52-week high: $118.94

Company's 52-week low was at $17.18

Price action over last quarter: Up 36.72%

Company Profile

Enphase Energy Inc delivers energy management technology for the solar industry. The company designs, develops, manufactures and sells home energy solutions that connect solar generation, energy storage, and management on one intelligent platform. Its product and service portfolio consists of Enphase Microinverters, Enphase Envoy, Enphase Enlighten and Apps, Enphase Energy Services, and Enphase Storage System. Geographically, it derives a majority of revenue from the United States.

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