NasdaqGM:ENPHSemiconductor
Enphase Energy (ENPH) Stock Rebounds As Profitability Returns To Focus
Enphase Energy entered this report with a bruised share price over the past month and quarter, yet the stock jumped about 6.6% today. The market latched on to one thing above all else: profitability snapped back. Basic earnings per share moved from a small loss in Q1 to about US$0.27 in Q2, supported by a non GAAP gross margin near the high 40s and positive free cash flow.
For a solar hardware stock that has been wrestling with weaker margins and volatile demand, that earnings rebound is the...