Enphase Energy Delivers Strong EPS Beat

Enphase Energy (NASDAQ:ENPH), a leader in microinverter technology, released its earnings for the fourth quarter on Feb. 4. The company reported strong financial results, with non-GAAP earnings per share (EPS) of $0.94 significantly outpacing analyst estimates of $0.73. Total revenue also exceeded expectations, coming in at $382.7 million compared to an estimated $377 million. The results reflected an improved performance in the U.S. market, though challenges remained in Europe.Source: Analysts' estimates provided by FactSet. Founded in 2006, Enphase Energy specializes in solar energy products. Its core offering is the semiconductor-based microinverter, which increases the energy conversion efficiency of solar power systems. The advantages of its technology position Enphase favorably against makers of traditional string inverter systems.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool