Why Enphase Energy Stock Is Moving After Hours

Enphase Energy Inc ENPH shares are trading higher in Tuesday's after-hours session after the company reported better-than-expected financial results.

Enphase reported third-quarter revenue of $634.71 million, which beat average analyst estimates of $610.65 million, according to Benzinga Pro. The company reported quarterly adjusted earnings of $1.25 per share, which beat average estimates of $1.08 per share. 

Free cash flow reached $179.1 million in the third quarter. Enphase said it ended the quarter with $1.42 billion in cash and equivalents.

Enphase said it expects fourth-quarter revenue to be between $680 million and $720 million versus average analyst estimates of $660.21 million. 

Enphase is a leading supplier of microinverter-based solar and battery systems that enable people to harness the sun to make, use, save and sell their own power.

ENPH Price Action: Enphase has a 52-week high of $324.83 and a 52-week low of $113.40.

The stock was up 0.35% in after-hours at $266.50 at the time of publication.

Photo: StockSnap from Pixabay.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsAfter-Hours CenterMoversTrading Ideaswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!