Energy

Enphase ‘tripling down’ on Europe as Russia war sends power prices up

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Contractors install SunRun solar panels on the roof of a home in San Jose, California, on Monday, Feb. 7, 2022.

David Paul Morris | Bloomberg | Getty Images

Enphase Energy is setting its sights on Europe, as Russia’s invasion of Ukraine sends power prices to record highs, giving homeowners a “strong desire” for energy independence.

CEO Badri Kothandaraman said Tuesday that the company is “tripling down on Europe in terms of spending.” The comments followed the company’s first-quarter earnings, which beat analyst expectations on the top and bottom line.

Here’s how Enphase did versus analysts’ expectations, as compiled by Refinitiv:

  • Earnings: 79 cents per share, adjusted, vs 67 cents…



Source cnbc.com

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