Feb. 12 at 12:42 PM
$ENPH $SPWR
So tbe question is, with ENPH having its best response to quarterly results in years, does this mark the bottom of the secular decline in the solar market? And how will
$SPWR benefit from its relationship with ENPH? SPWR has been stuck in a narrow trading range between 1.50 and 2 forever now. What will be the catalyst that changes this?
In February, Enphase reported a solid set of quarterly results. Q4 non-GAAP EPS of
$0.71 topped the Wall Street consensus forecast of
$0.58, while revenue of
$343 million, down more than 10% from the same period a year earlier, was a modest
$3.2 million beat. For Q1, the management team outlined an expectation of
$270-
$300 million in net sales, with an operating margin in the 42-45% range.
Shares rocketed 34%, marking the best earnings day reaction in at least the last six years, according to data from Option Research & Technology Services. The bump also broke a string of five straight post-reporting declines.
