Why Enphase Energy's Stock Popped 18.8% in October
Shares of Enphase Energy (NASDAQ: ENPH) jumped 18.8% in October, according to data from S&P Global Market Intelligence, after reporting third-quarter 2020 results. And shares have continued their move higher, climbing 24.7% in the first week of November.
Revenue was down less than 1% to $178.5 million, but net income rose from $31.1 million a year ago to $39.4 million, or $0.28 per share. Results topped estimates, and that always helps a stock, but it's how Enphase performed compared with its rivals that was most impressive.
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Source Fool.com
