Reported 1 day ago
Enphase Energy missed Q1 profit estimates due to declining U.S. demand and projected weaker Q2 revenue, leading to a 12.5% drop in shares. Despite a 35% year-on-year revenue increase to $356.1 million, it fell short of analysts' expectations. The company's forecasted Q2 revenue is also below market estimates, reflecting concerns over demand and recent regulatory changes in California.
Source: YAHOO