Enphase Energy shares down more than 12% after weak results
- Profit Drop: $ENPH reported earnings of 33 cents per share, down from 80 cents in the same period last year.
- Revenue below expectations: Revenue fell to $380.9 million, below analysts' expectations, who had estimated USD 393 million.
- Negative Outlook: Fourth-quarter revenue outlook is below expectations of $434 million, which impacted $ENPH stock price .
The company has a lot of problems and he doesn't like the stock development at all, so I won't be buying. It's too big a risk for me.
Very volatile stock and I'm staying away from it.
$ENPH is an interesting company and I've been following it for a while. The price is pretty good right now, so maybe I'll buy maybe one/two shares for that speculation😂
Well I see this company is really not doing well and I'm glad I didn't buy their stock.
I'm not surprised this company is going under, I wouldn't put money into it :) The results were again very weak and the stock reaction is so fully justified. But maybe someone will disabuse me of my mistake and show me why the company is so popular like this.