Why Enphase Energy (ENPH) Stock Hit A New 52-Week Low Today
Portfolio Pulse from Henry Khederian
Enphase Energy, Inc. (ENPH) shares fell by 4.2% to $78.65 due to weak Q4 guidance following disappointing Q3 earnings. The company's earnings per share were $1.02, below the estimated $1.03, and revenue was $551.1 million, below the estimated $566.02 million. The company attributes these results to high inventory levels and decreased demand in key European markets. For Q4, Enphase anticipates revenue between $300 million and $350 million, below the estimated $601.24 million.
October 30, 2023 | 6:54 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Enphase Energy's stock price fell due to weak Q4 guidance and disappointing Q3 earnings. The company's future performance may be impacted by high inventory levels and decreased demand in key European markets.
Enphase Energy's stock price fell due to weak Q4 guidance and disappointing Q3 earnings. The company's future performance may be impacted by high inventory levels and decreased demand in key European markets. This news is highly relevant to the company and is likely to have a significant impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100