NOVA - Analysts sing Enphase praises after strong Q4 beat upside guidance

Enphase Energy (NASDAQ:ENPH) +23.6% pre-market after the solar company easily topped Wall Street estimates for Q4 earnings and revenues, which rose 56% Y/Y to a record $412.7M, and issued upbeat Q1 revenue guidance. Other solar names are rising in pre-market trading: SEDG +8.8%, NOVA +7%, SPWR +6.8%, RUN +6.7%, ARRY +6%, FSLR +5.3%, JKS +4.7%, DQ +4.7%, MAXN +3.9%, CSIQ +3.6%. ETF: TAN Enphase said it plans to add its first manufacturing capacity in Europe by year-end, capable of producing as many as 750K microinverters per quarter. The new capacity would be in addition to 5M microinverters the company now gets each quarter from facilities in China, Mexico and India. Analysts are weighing in with widespread praise, including an upgrade to Buy from Hold with a $241 price target from Craig-Hallum, which says Enphase "emphatically demonstrated its market leadership and ongoing strong execution." "While shares are still not cheap, we

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Analysts sing Enphase praises after strong Q4 beat, upside guidance