Movement Alert｜Enphase Energy Falls 5.05% in Regular Trading, Weak Post-Earnings Demand Outlook Continues to Weigh

Market Focus11-13 04:31

On November 13, Enphase Energy fell 5.05% in Regular Trading, trading at $26.82 per share with turnover of $78.39 million.

The move aligns with continued pressure following the company’s weaker quarterly results and soft near-term sales outlook. Enphase previously reported third-quarter adjusted EPS of $0.41 on revenue of $293.3 million, missing market expectations of $0.51 and $304.0 million, while fourth-quarter guidance was also described as weak.

Subsequent analyst actions added to the pressure: one firm downgraded the stock to Perform, another cut its price target to $30 from $41 while maintaining an Outperform rating, and commentary pointed to soft U.S. residential solar demand and high interest rates as ongoing headwinds across key markets.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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