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Tuesday, April 16, 2024

Enphase Stock Is Climbing. It Beat Expectations on Strong Demand.

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Enphase


Energy stock rose in early trading Wednesday after the company reported record revenue for the third quarter and said it expects further growth in the fourth quarter. 



Enphase


(ticker: ENPH), a supplier of solar and battery systems, reported quarterly revenue of $634.7 million and net profit of $114.8 million on Tuesday. It said it expects fourth-quarter revenue within a range of $680 million to $720 million. 

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