Enphase Shares Tumble After Company Says It Sees Lower 3Q Sales

Dow Jones07-23

By Nicholas G. Miller

Shares of Enphase fell Wednesday, a day after the company said it expects lower third-quarter revenue.

The stock was down 9.1% at $38.62 and is down 67% over the past 12 months.

The company's second-quarter earnings released Tuesday after the bell beat analysts' expectations. But Enphase forecast $330 million to $370 million in third-quarter revenue, below Wall Street's prediction of $372 million.

Analysts have said Enphase sales will likely be hurt by the early removal of tax credits for solar energy imposed earlier this month by President Trump's tax bill.

Wall Street firms including Jefferies, TD Cowen and Deutsche Bank all lowered their price targets for Enphase Wednesday following the company's second-quarter earnings release.

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

(END) Dow Jones Newswires

July 23, 2025 10:03 ET (14:03 GMT)

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Miller at nicholas.miller@wsj.com. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 23, 2025 10:03 ET (14:03 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2553462122","isCrawlerRequest":true}