This Just In: Enphase Energy Stock Upgraded
Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...
Enphase Energy (NASDAQ: ENPH) stock is going gangbusters.
Last night, the maker of solar microinverters -- devices that convert direct current solar energy to alternating current -- reported its financial results for fiscal Q2 2019 and blew Wall Street away. Instead of the $0.13 per share that analysts had predicted, Enphase said it earned $0.18 per share pro forma, despite only matching consensus revenue expectations of $134.1 million.
Quelle Fool.com
