Yahoo Finance Live reports on the sharp drop in Enphase Energy’s stock.
– Enphase Energy. The shares of Enphase Energy are down by 25 percent. The company had strong European sales. However, it forecast lower than expected revenue for the 2nd quarter. Now, they say that revenue will be between $700-750 million. It’s far below the analysts’ expectations.
This is another solar panel manufacturer. This market has been impacted by the regulation between China and the US. I will keep an eye out for that one.