Enphase Energy ( (ENPH) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Enphase Energy shares came under pressure after the company issued first-quarter guidance that pointed to softer revenue, projecting $270–300 million in sales despite relatively healthy gross margins of about 42–45% and operating expenses of $77–81 million. Investors appeared disappointed that the revenue outlook did not signal a stronger rebound, even as Enphase highlighted ongoing growth initiatives: the company detailed its fourth-quarter product shipments, started U.S. deliveries of its IQ9N-3P microinverters and IQ EV Charger 2, rolled out its new PowerMatch energy management solution, and continued global demonstrations of its bidirectional IQ EV charger technology. These moves underscored Enphase’s long-term strategy but were not enough to offset concerns around near-term sales momentum.
More about Enphase Energy
YTD Price Performance: 13.79%
Average Trading Volume: 6,536,847
Technical Sentiment Signal: Sell
Current Market Cap: $4.84B
For further insights into ENPH stock on TipRanks’ Stock Analysis page.
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