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    • NASDAQ:ENPH

    Business

    Enphase Energy’s Q3 Earnings Miss Sparks Stock Decline

    Enphase Energy’s Q3 earnings report reveals disappointing results with EPS at $0.65, below the expected $0.78, and a 31% decline in year-over-year sales. The company’s stock dropped 2% in after-hours trading as revenue fell short of projections. Despite a 43% increase in U.S. revenue, challenges in Europe persist. Looking ahead, Enphase anticipates Q4 revenue between $360 million and $400 million, well below analyst estimates. Analysts maintain a Moderate Buy rating, but the recent performance raises concerns about the company’s future in the solar energy market.

    Posted on Jhon