Movement Alert|Enphase Energy Rises 6.66% in Regular Trading, Q2 Earnings Beat Estimates Amid Stabilizing US Solar Market

Market Focus07-29

On July 29, Enphase Energy rose 6.66% in regular trading, trading at $38.35/share, with turnover of $28.65 million. The rally was driven by better-than-expected second-quarter results and constructive forward guidance.

Enphase reported Q2 adjusted earnings of $0.47 per diluted share, slightly beating the analyst consensus of $0.46, though down from $0.69 a year earlier. Revenue came in at $291.9 million versus the $289.9 million estimate, declining from $363.2 million in the year-ago period. The company guided Q3 revenue to $290 million to $320 million, bracketing the Street expectation of $304 million.

The CEO noted during the earnings call that the US residential solar market has stabilized, a key signal for investors concerned about prolonged demand weakness. The company also highlighted its accelerating AI data center strategy, supported by the recent publication of a white paper on its fifth-generation Kestrel ASIC silicon platform designed for GaN power conversion and solid-state transformer applications targeting data centers.

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