From Zacks via Yahoo Finance, October 27:
Enphase Energy's (ENPH) Q3 Earnings Meet, Revenues Fall Y/Y
Enphase Energy, Inc. ENPH reported third-quarter 2023 adjusted earnings of $1.02 per share, which highlights an 18.4% decline from $1.25 per share reported in the prior-year quarter. The bottom line came in line with the Zacks Consensus Estimate.
Including one-time adjustments, the company posted GAAP earnings of 80 cents per share, which came in line with the year-ago quarter.
Revenues
Enphase Energy’s third-quarter revenues of $551.1 million missed the Zacks Consensus Estimate of $562 million by 1.9%. The top line also declined 13.2% from the prior-year quarter’s reported figure of $634.7 million....
....MUCH MORE
If interested see also:- Solar: Europe Seems To Have Enough For Right Now, SolarEdge Plunges (SEDG)
- "Impact of overcapacity on solar stocks" (FSLR; SEDG; CSIQ; SPWR)
The whole group appears to have gone on a sympathy strike:
Enphase: down 15.15% on the day.
SolarEdge down 6.95.
First Solar: down 5.35%.
So far, year-to-date, FSLR is trailing the S&P 500 by about eight percentage points while the other two are a complete disaster:
