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Why Enphase Energy Surged 22% in February

Shares of Enphase Energy (ENPH -1.85%) soared 22% in February, according to data provided by S&P Global Market Intelligence. The energy technology company's fourth-quarter results helped power the surge in its stock price. While revenue and earnings declined sharply, the company believes a bottom is near. Approaching a bottomEnphase's revenue fell to 302.6millionduringthefourthquarter,downfrom302.6 million during the fourth quarter, down from 551 million in the third quarter and 724.7millionduringtheyearagoperiod.Earningsdeclinedto724.7 million during the year-ago period. Earnings declined to 0.15 ...