Enphase Energy's Strong Q4 Performance Boosts Stock Price

Enphase Energy anticipates a rebound in demand for its products by the end of the second quarter, with expectations of improving margins for its batteries and micro-inverters throughout 2024. The company has been managing a slowdown in demand, particularly in Europe, and foresees a seasonal dip in first-quarter sell-through demand. Despite this, Enphase forecasts first-quarter revenue to be between $260 million and $300 million, below analysts' average expectation of $318.3 million, following fourth-quarter revenue of $302.6 million.