Enphase Energy Stock Falls After Earnings Miss as Analysts Cut Price Targets
Enphase Energy shares fell after missing third-quarter estimates and issuing weak fourth-quarter sales guidance, prompting Oppenheimer to downgrade the stock to Perform.
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Why It Matters
Enphase made less money than people expected this quarter. When a company misses targets, it suggests its business is slowing down or facing tough times.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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