These 5 Stocks Are Soaring Today

4. Enphase Energy, Inc. (NASDAQ:ENPH) has rocketed 7.26% as of 12:09 PM ET after the manufacturer of microinverters and backup energy storage for solar systems reported strong Q1 2022 results. Enphase Energy, Inc. (NASDAQ:ENPH) reported revenue of $441 million, increasing by 46.2% YoY and beating consensus estimates of $432 million. The adjusted EPS was posted at 79 cents as opposed to the forecast of 67 cents. For Q2 2022, Enphase Energy, Inc. (NASDAQ:ENPH) sees revenue to be in the range of $490 million to $520 million. This is significantly higher than the analysts’ estimate of $475 million.

Of the 924 hedge funds in Insider Monkey’s database, 50 funds held a stake in Enphase Energy, Inc. (NASDAQ:ENPH) as of Q4 2021.