Enphase Energy (NASDAQ: ENPH) was up more than 50% in early trading on Feb. 4, the day after the company delivered its quarterly earnings for the fourth quarter. Enphase beat on the top and bottom lines, with adjusted earnings per share (EPS) coming in at 71 cents on revenue of $343.32 million. That beat expectations of 59 cents in EPS on revenue of $340.45 million.
That said, on a year-over-year (YOY) basis, revenue was down about 10%. Yet, investors are pushing the stock higher. They seem to agree with Enphase management’s optimism that the current quarter may mark a bottom for the company as tariff pressures continue to ease.
