BUZZ-Enphase Energy rises on upbeat Q1 revenue forecast

Shares of solar inverter maker Enphase Energy ENPH.O rise 6% to $70.15 premarket

Company forecasts Q1 revenue in the range of $340 million to $380 million vs est of $338.5 mln - data compiled by LSEG

ENPH on Tuesday after market posted Q4 adj earnings of 94 cents per share vs est of 72 cents per share - data compiled by LSEG

"We remain encouraged by ENPH's gross margins and cash flow, as well as aggressive share repurchases... company also remains upbeat regarding new product introductions that we believe could serve as positive catalysts" - J.P. Morgan analysts

Up till last close, stock down 3.5% YTD