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Updated Feb. 9, 2022 10:15 am ET / Original Feb. 9, 2022 8:02 am ET
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Enphase Energy shares were rising sharply Wednesday after the solar energy company’s quarterly earnings and first-quarter guidance barreled past expectations.
The stock rose 13% to $162.62.
Other solar stocks also rose because Enphase’s earnings showed signs of strong demand for the industry. Leading solar developer SunRun (RUN) was up 8%.