Enphase Energy
stock traded choppily on Wednesday after the supplier of solar and battery systems projected higher revenue than analysts had expected, despite concerns over slowing U.S. demand.
Solar power stocks have been facing increased skepticism from analysts over rich valuations at a time of slowing consumer spending.
Enphase
(ticker: ENPH), in its fourth-quarter earnings report, said it was facing pressures, but still gave first-quarter revenue guidance that beat expectations.
