Why Enphase Energy Stock Popped 7% After Earnings

Shares of solar-microinverter maker Enphase Energy (NASDAQ: ENPH) popped in after-hours trading Tuesday, after reporting estimate-thumping earnings. Expected to earn $0.24 per share on $168.6 million in sales, Enphase earned $0.28 per share, instead, on sales of $178.5 million.

But that's not the only reason Enphase shares are rocking -- up 4.6% as of Wednesday, 12:30 p.m. EDT.

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Source Fool.com