Revealed:
Shares of Enphase Vitality had been hovering towards their largest achieve in six years on Wednesday, after the solar-power and energy-storage firm’s robust fourth-quarter outcomes and outlook highlighted how shoppers had been discovering methods to fend off rising electrical energy costs.
Whereas the corporate ENPH acknowledged that a few of the gross sales energy within the newest quarter was a results of a scramble to put in photo voltaic and battery techniques earlier than a federal tax credit score expired on Dec. 31, CEO Badri Kothandaraman reiterated his name late Tuesday that the primary quarter would mark “the low level” for underlying demand.