Energy

Enphase (ENPH) earnings Q2 2022: Huge growth in Europe

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Workers install solar panels on the roofs of homes under construction south of Corona, California. The California Energy Commission in May 2018 adopted new energy building standards requiring solar panels for virtually all new homes built in the state starting in 2020.

MediaNews Group/Inland Valley Daily Bulletin via Getty Images | Digital First Media | Getty Images

Enphase Energy’s second-quarter results were boosted by strong growth out of Europe as soaring natural gas prices prompt consumers to go solar.

Shares of the company, which supplies solar energy components and battery systems, jumped more than 9% during extended trading Tuesday after Enphase beat revenue estimates for the second…



Source cnbc.com

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