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ENPH / Enphase Energy stock drops on 3Q revenue miss; disappointing outlook

Enphase Energy stock drops on 3Q revenue miss; disappointing outlook
Enphase Energy Inc (NASDAQ:ENPH) shares slid 15% to $81.34 in late-morning trading on Friday after solar equipment maker reported third-quarter 2023 revenue that fell 13% year over year to $551.1 million, missing Wall Street expectations, as the company cited a “substantial” drop in US and European demand that will likely last into next year.    The company's US revenue, which decreased 16% from the previous quarter, was impacted by high interest rates and California's recent changes to how solar homeowners are compensated for excess electricity they sell to the grid. Read More
Posted: Oct 27 2023, 12:29
Author Name: Proactive Investors
Views: 112169

ENPH News  

Enphase Energy: Marriage Of Value And Potential

By Seeking Alpha
November 2, 2023

Enphase Energy: Marriage Of Value And Potential

ENPH stock has experienced a massive selloff after its Q3 earnings report. I delve deeper into the company's fundamentals and potential headwinds in t more_horizontal

Renewable energy stocks face pressure despite surge in installations

By Yahoo Finance
November 1, 2023

Renewable energy stocks face pressure despite surge in installations

Shares of wind and solar companies continue their slide lower as interest rates stay higher for longer and rising costs stall new projects. Yahoo Fina more_horizontal

Investors Heavily Search Enphase Energy, Inc. (ENPH): Here is What You Need to Know

By Zacks Investment Research
November 1, 2023

Investors Heavily Search Enphase Energy, Inc. (ENPH): Here is What You Need to Know

Enphase Energy (ENPH) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock. more_horizontal

S&P 500 Gains and Losses Today: Solar Stocks Plunge After Warning From Enphase

By Investopedia
October 27, 2023

S&P 500 Gains and Losses Today: Solar Stocks Plunge After Warning From Enphase

U.S. equities were mixed Friday after the latest batch of financial reports painted a mixed picture of corporate earnings, raising new concerns about more_horizontal

Solar Power Stocks Sink as Enphase Energy Warns About Falling Demand

By Investopedia
October 27, 2023

Solar Power Stocks Sink as Enphase Energy Warns About Falling Demand

Solar energy stocks were rocked Friday after Enphase Energy (ENPH) reported sales slumped and warned about the current quarter as demand for its solar more_horizontal

Why Residential Solar Stocks Dropped This Week

By The Motley Fool
October 27, 2023

Why Residential Solar Stocks Dropped This Week

Enphase Energy's earnings report showed a huge decline in solar installations worldwide. Sunrun was hit by a short-seller report. more_horizontal

Enphase Energy stock drops on 3Q revenue miss; disappointing outlook

By Proactive Investors
October 27, 2023

Enphase Energy stock drops on 3Q revenue miss; disappointing outlook

Enphase Energy Inc (NASDAQ:ENPH) shares slid 15% to $81.34 in late-morning trading on Friday after solar equipment maker reported third-quarter 2023 r more_horizontal

Enphase Energy CEO explains why the inventory problem worsened so much in just 90 days

By Market Watch
October 27, 2023

Enphase Energy CEO explains why the inventory problem worsened so much in just 90 days

That statement by Enphase Energy Inc.'s CEO was made late Thursday on a conference call with analysts, according to an AlphaSense transcript, that fol more_horizontal


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