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Benzinga
Benzinga
Business
Adam Eckert

Why Enphase Energy Stock Is Surging

Enphase Enphase Energy Nasdaq

Enphase Energy Inc (NASDAQ:ENPH) shares are trading higher Wednesday after the company reported better-than-expected financial results and issued guidance above analyst estimates.

Enphase said first-quarter revenue increased 7% year-over-year to $441.3 million, which beat the $432.1 million estimate, according to data from Benzinga Pro. The company reported quarterly adjusted earnings of 79 cents per share, which beat the estimate of 66 cents per share.

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