tldrdaily.news logo
Tag

Enphase Energy

All articles tagged with #enphase energy

finance1 year ago

"Enphase Energy Rides Demand Rebound, Stock Surges Despite Earnings Miss"

Enphase Energy's stock surges despite missing fourth-quarter earnings estimates, as CEO Badri Kothandaraman expresses optimism for a rebound in demand and a potential turnaround in the first quarter, citing expectations for increased demand in Europe and a more favorable rate environment outside of states like California. The company's sensitivity to interest rates has contributed to a choppy ride for its stock, which has declined more than 50% over the past year, but the CEO remains hopeful for improved performance moving forward.

via Yahoo Finance|
#demand-rebound#earnings-estimates#enphase-energy
business-energy1 year ago

Enphase Energy's Strong Q4 Performance Boosts Stock Price

Enphase Energy anticipates a rebound in demand for its products by the end of the second quarter, with expectations of improving margins for its batteries and micro-inverters throughout 2024. The company has been managing a slowdown in demand, particularly in Europe, and foresees a seasonal dip in first-quarter sell-through demand. Despite this, Enphase forecasts first-quarter revenue to be between $260 million and $300 million, below analysts' average expectation of $318.3 million, following fourth-quarter revenue of $302.6 million.

via Yahoo Finance|
#business-energy#demand#enphase-energy
finance1 year ago

Enphase Energy's Q4 Performance: Stock Surges Despite Revenue Decline

Enphase Energy's stock surged over 12% after the company's mixed fourth-quarter earnings report, which showed a significant drop in revenue but still managed to meet adjusted earnings expectations. Analysts and investors viewed the results as "good enough" and expressed confidence in the company's future trajectory, despite the challenges faced by the alternative-energy sector.

via MarketWatch|
#alternative-energy#earnings-report#enphase-energy
business2 years ago

Enphase Energy Implements Workforce Reduction Plan Amid Economic Challenges

Enphase Energy, a solar company that manufactures microinverters, is planning to lay off approximately 10% of its global workforce as part of a restructuring plan. The company will also cease operations at certain manufacturing plants and resize others. Enphase has been affected by high interest rates and a decrease in demand, resulting in a decline in its stock value. The solar sector as a whole has experienced a challenging year.

via CNBC|
#business#enphase-energy#layoff
business2 years ago

Enphase Energy Announces Layoffs, Citing Economic Challenges

Enphase Energy, a solar equipment maker, announced plans to lay off about 10% of its workforce, affecting approximately 350 contractors and employees, and cease manufacturing operations at two locations. The company will resize other contract manufacturing sites and continue a hiring and travel freeze through 2024. The decision comes after the solar market experienced turbulence worldwide, with high interest rates impacting consumer demand in the United States and slowing growth in Europe. Enphase expects to incur restructuring and asset impairment charges of approximately $16-18 million, with $7 million in cash expenditures. The company's Q4 outlook remains unchanged, except for a $15 million increase in GAAP operating expenses.

via Seeking Alpha|
#business#enphase-energy#layoffs
business2 years ago

Enphase's Warning Sends Solar Stocks Plummeting

Solar stocks experienced a decline after Enphase Energy reported a 13% decrease in revenue and warned of a substantial drop in demand for the rest of the year. The company estimated fourth-quarter sales to fall well short of analysts' expectations, primarily due to reduced demand in Europe and the falling U.S. market, particularly in California. This warning had a negative impact on the solar industry as a whole, with the Invesco Solar ETF falling 4.5%. Enphase shares have fallen approximately 65% this year, reflecting the challenges faced by the solar market, including rising interest rates, concerns about the broader economy, and changes in net-metering policies. However, Enphase remains optimistic about the long-term prospects of the business, citing government incentives and the growing adoption of electric vehicles.

via Investor's Business Daily|
#business#demand-drop#enphase-energy
finance2 years ago

Stock Market Crash: 14 Stocks Already Affected, S&P 500 in Danger

Fourteen S&P 500 stocks, including SolarEdge Technologies, Enphase Energy, and Moderna, have crashed 50% or more from their highest levels in 52 weeks, indicating that the market's troubles are largely masked by the indexes. The stock market is suffering as higher inflation eats into returns and interest rates attract investors seeking safer returns. Additionally, October is historically known for stock market crashes, and several leading stocks, such as Apple and Alphabet, are already in correction territory. Solar stocks, including SolarEdge and Enphase Energy, have been hit hard, despite expected growth in profits. Other S&P 500 stocks, such as Moderna, are also experiencing significant declines.

via Investor's Business Daily|
#enphase-energy#finance#moderna
business2 years ago

Enphase Energy's Q3 Revenue Miss and Weak Q4 Guidance Cause Stock Plunge

Enphase Energy's stock plunges nearly 18% after reporting mixed Q3 results and issuing weak Q4 guidance. The company's Q3 net income remained flat, while revenues fell 13% year-over-year and 22.5% quarter-over-quarter. Enphase attributed the decline in U.S. revenues to macroeconomic conditions and the drop in Europe sales to high inventory and softening demand in key markets. For Q4, Enphase expects revenues of $300M-$350M, significantly below analyst estimates. Other solar stocks, including SolarEdge Technologies, Sunrun, SunPower, and Shoals Technologies, also experience declines in after-hours trading.

via Seeking Alpha|
#business#enphase-energy#q3-earnings
business2 years ago

First Solar Shines Bright as Stock Soars, Outshining Competitors

First Solar's stock surged after beating earnings expectations and announcing plans to invest $1.1 billion in a new manufacturing facility in the US. Nextracker also experienced breakout gains after reporting strong Q1 results. However, Enphase Energy's stock plummeted after reporting weaker-than-expected Q2 revenue and providing a disappointing outlook for Q3.

via Investor's Business Daily|
#business#enphase-energy#first-solar
business2 years ago

Enphase Energy's Revenue Falls Short of Estimates, Shares Plummet

Enphase Energy, a solar inverter maker, has forecasted third-quarter revenue below expectations due to weak demand in the United States, causing its shares to drop by 13.4%. The company expects revenue between $550 million and $600 million, compared to analysts' average estimate of $746.5 million. The U.S. market, which accounts for 70% of Enphase's revenue, has experienced a slowdown due to factors such as cheaper electricity prices and the Federal Reserve's tightening policies. However, Enphase has seen a 25% increase in revenue from the European market, which is looking to reduce its dependence on Russian fuel and transition to clean energy.

via Reuters|
#business#enphase-energy#revenue-forecast
business2 years ago

Late Monday: Intel, Ford, Roku, Enphase Energy, and More Stocks Making Big Moves

Intel's stock jumped nearly 6% after reporting a return to profitability and better-than-expected guidance, while Ford's stock added 1% following a raised full-year guidance and beating second-quarter expectations. Roku's shares advanced 8.5% after a better-than-expected quarterly report, and First Solar gained 6.6% after solidly beating Wall Street expectations. However, Enphase Energy tumbled 12% after giving a mixed financial report, and Sweetgreen slid 7% after missing revenue expectations for the second quarter.

via CNBC|
#business#enphase-energy#ford
business2 years ago

Enphase Energy's Stock Plunges on Revenue Miss and Weak Forecast

Enphase Energy's stock plummeted over 15% in after-hours trading as the company reported lower-than-expected quarterly revenue and provided a weak forecast. Despite reporting higher net income and adjusted earnings compared to the previous year, Enphase's revenue of $711.1 million fell short of analysts' estimates. The company's third-quarter revenue guidance of $555 million to $600 million also fell below expectations. Enphase's stock has declined 37% this year, while the S&P 500 index has risen 18%.

via MarketWatch|
#business#enphase-energy#financial-performance