TickerBrief

ENPH · Enphase Energy, Inc.

Enphase Energy, Inc. ENPH

Designs and manufactures microinverter-based solar energy systems, battery storage, and energy management software for homes and businesses.

Industry
Semiconductors
Listed on
Nasdaq NMS
IPO
2011-06-20
Website
enphase.com

Daily brief

Enphase slides on steep revenue drop, weak fourth-quarter forecast

-16.03% to $24.99 from $29.76

What moved ENPH

  • Quarterly revenue fell to $293.3 million from $410.4 million a year earlier, short of the $303.85 million analyst estimate.
  • Fourth-quarter revenue guidance of $225 million to $255 million came in well below the roughly $300.5 million analysts had expected at the midpoint.
  • Shares fell more than 16% following the report.

Sources: CNBC · Investing.com

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