We recently published 10 Easy Double-Digit Gainers. JetBlue Airways Corp. (NASDAQ:JBLU) was one of the best performers last week.
Enphase Energy soared by 34.67 percent week-on-week, as investors loaded portfolios after the company reported a strong earnings performance last year.
In an updated report, Enphase Energy Inc. (NASDAQ:ENPH) said it was able to grow its net income last year by 68 percent to $172 million from $102.6 million, as revenues increased by 10.5 percent to $1.47 billion from $1.33 billion.
However, net income in the fourth quarter alone declined by 37.7 percent to $38.7 million from $62.16 million year-on-year. Net revenues decreased by 10.4 percent to $343 million from $382.7 million.
Looking ahead, Enphase Energy Inc. (NASDAQ:ENPH) is targeting to register revenues between $270 million and $300 million, which includes shipments of 100 to 120 MWh of IQ Batteries. This implies a decline of 16 percent to 24 percent from the $356.1 million in the first quarter of 2025.
Gross margin is expected to be within a range of 40 percent to 43 percent, including approximately five percentage points of reciprocal tariff impact.
In other developments, investment firm RBC Capital turned bullish for Enphase Energy Inc. (NASDAQ:ENPH), upgrading its stock rating to “outperform” from “sector perform” previously, as well as its price target to $54 from $31.
Wells Fargo, for its part, also issued an “outperform” rating for the stock, while raising its price target to $50 from $45 prior.
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Disclosure: None. This article is originally published at Insider Monkey.
