Why Enphase Energy Stock Hit A New 52-Week Low Today
Portfolio Pulse from Henry Khederian
Shares of Enphase Energy Inc (NASDAQ:ENPH) are trading lower by 6.7% to $142.19, hitting a new 52-week low. The drop is in sympathy with SolarEdge Technologies after the company issued weak third-quarter guidance, despite reporting better-than-expected quarterly earnings and sales. SolarEdge anticipates Q3 revenues to be lower than the consensus estimate.
August 04, 2023 | 11:39 am
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Enphase Energy's stock is trading lower due to weak Q3 guidance from SolarEdge Technologies. This could indicate a negative sentiment in the solar sector.
Enphase Energy's stock is trading lower, likely due to the weak Q3 guidance issued by SolarEdge Technologies. This could indicate a negative sentiment in the solar sector, which may impact other companies in the sector, including Enphase Energy.
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