The Dow Jones fell back as the market recoiled. Amazon stock was hammered on earnings and an EU fine. China EV plays, Tesla stock allied.
Shares of Enphase Energy (NASDAQ: ENPH) are rising today, up by 2.6% as of 12:25 p.m. EDT, which was actually a pretty modest gain considering the size of the earnings beat this solar microinverter maker just delivered. Heading into Enphase's second-quarter report, analysts had predicted that the company would earn only $0.43 per share (pro forma) on sales of $311 million. As it turned out, Enphase beat on both the top and bottom lines, with sales of $316 million and $0.53 per share in profits.