Solar Company Defies Odds

Despite slowing demand for batteries, Enphase Energy sees double digit premarket pump [Trade of the Day Wake-Up Watchlist] Good morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see stock futures edged lower on Wednesday. Investors assessed comments from Federal Reserve Chair Jerome Powell on how long it may take to control inflation, while a rise in shares of Microsoft kept losses in check. Walt Disney, CVS and Uber Technologies will report earnings today. As tech companies like Microsoft invest more into new technologies, it’s crucial to learn more about where its money is going. Microsoft is investing heavily into a company our friend Andy Snyder believes could hand you life-changing profits. [Click here to learn more about XRI.]( Here’s a look at the top-moving stocks this morning. Enphase Energy (Nasdaq: ENPH) Enphase Energy is up 10.01% premarket after the solar energy company beat analyst expectations of $1.24. Revenue of $724.65 million also came in above Wall Street estimates of $706.51 million. Despite concerns over slowing U.S. demand for solar and battery systems, Enphase defied expectations and still posted strong revenue guidance. Automakers have been racing to buy lithium for batteries over the last few years, and competition is heating up in the upcoming $7 trillion electric vehicle market. Right now there's an EV startup the Wall Street Journal believes could be [“The Next Tesla.”]( Its car has a 1,080-horsepower energy, a zero-to-60 time of 2.5 seconds and a top speed of nearly 170 miles per hour. [Click here to discover why Inc. Magazine is calling this company “Tesla’s Worst Nightmare.”]( New Relic, Inc. (NYSE: NEWR) New Relic is up 17.68% premarket after the company topped revenue expectations with its latest results and delivered an upbeat forecast. The software company generated a fiscal third-quarter net loss of $26 million, or 38 cents a share. On an adjusted basis, the company earned 32 cents a share, whereas it lost 18 cents a share on the metric a year prior. We’ve made several winning trades during earnings season in [The War Room](. Last week we had a 100% win rate on nine trades, and yesterday a company in our portfolio rose over 70%, which is by far one of the biggest one day movers in the market this year. [Click here to start unlocking these trades.]( [Claim Your 83%-Plus Win Rate GUARANTEE]( [Wednesday Winners]( A former CBOE trader delivers one trade idea every week. He calls them "Wednesday Winners" - due to his impressive win rate on this simple strategy. And even in these volatile markets... his goal is to beat his current 83% win rate! [Watch this immediately.]( Lumen Technologies (NYSE: LUMN) Lumen Technologies is down 14.63% premarket after the company outlook came up short. It topped financial estimates but guided to lower-than-expected profitability for the coming year. For 2023, it’s guiding to free cash flow of $0 to $200M, accounting for an estimated impact of taxes tied to divestitures of $900M-$1B. Fortinet (NYSE: FTNT) Fortinet is up 13% premarket after quarterly earnings, beating the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.25 per share a year ago. Its shares have added about 6.3% since the beginning of the year versus the S&P 500’s gain of 7.1%. Those are the biggest stock movers for today. Happy trading! The Wake-Up Watchlist Research Team [The Greatest "Arbitrage" in History?]( One unique resource sells for just $10 in America... but $60-plus in Europe. [6X Price Difference]( In other words, you can buy it here... sell it there... and make six times your money! And now, one company is making $200 million per shipload doing exactly that. [Here's why Wall Street analysts just upped their price projection for this company to $280]( (it's about $30 today). 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