“Enphase Energy jumps 20% following record quarterly revenue, but supply chain woes remain”
October 27, 2021
“Shares of Enphase Energy surged 23% at the opening bell on Wednesday after the company reported record revenue during the third quarter, despite ongoing headwinds from supply chain bottlenecks.
The company, which makes microinverters and backup energy storage for solar systems, posted sales of $351.5 million during the period, compared to the $345 million analysts surveyed by StreetAccount were expecting.
Revenue jumped 11% quarter over quarter, and was nearly double the $178.5 million earned during the third quarter of 2020. The company also issued upbeat guidance, saying it expects fourth quarter revenue to be between $390 million and $410 million. Wall Street analysts were expecting revenue guidance of $373.6 million, according to estimates from StreetAccount…”
https://www.cnbc.com/2021/10/26/enphase-energy-enph-earnings-q3-2021.html