Enphase Energy Gains On Growth In Q3 Revenue

Enphase Energy, Inc. (ENPH) shares are gaining more than 24.58 percent after the company reported 11 percent increase in third-quarter revenues.

Revenues registered a growth to $351.52 million from $178.50 million in the prior year.
For the fourth quarter, the company expects revenue in a range of $390-$410 million.

Currently, shares are at $210.00, up 21.07 percent from the previous close of $173.46 on a volume of 4,214,018. The shares have traded in a range $93.49-$229.04 on average volume during the last 52-week period.

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