Enphase Energy, Inc. (NASDAQ:ENPH) shares rallied in Tuesday’s extended trading after the company released its fourth-quarter earnings report, beating estimates on the top and bottom lines.
Here’s a look at the key figures from the quarter.
- ENPH stock is moving. Watch the price action here.
The Details: Enphase Energy reported quarterly earnings of 71 cents per share, which beat the Street estimate of 58 cents by 22.63%, according to data from Benzinga Pro.
Quarterly revenue came in at $343.32 million, which beat the consensus estimate of $340.59 million.
Enphase reported the following fourth-quarter highlights:
- Free cash flow of $37.8 million; ending cash, cash equivalents and marketable securities of $1.51 billion
- Shipped 1.31 million microinverters and 51.1 MWh of IQ batteries from Texas and South Carolina facilities
- Shipped IQ9N-3P™ commercial microinverters built on Enphase’s GaN-based power conversion architecture
- IQ Meter Collar approved by 52 U.S. utilities, serving approximately 30 million customer accounts
Outlook: Enphase Energy expects first-quarter revenue in a range of $270 million to $300 million, versus the $262.2 million analyst estimate.
ENPH Stock Price: According to data from Benzinga Pro, Enphase Energy stock rose 4.35% to $38.90 in Tuesday’s extended trading.
Photo: Shutterstock
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