Story
Enphase Energy Stock Plummets on Weak Q3 Results, Dismal Forecast
Enphase Energy (NASDAQ: ENPH) shares plunged 14.3% in after-hours trading after the solar technology company reported disappointing third-quarter results and issued a fourth-quarter revenue forecast that fell significantly short of Wall Street expectations, signaling a deepening downturn in its key markets.
Dismal Quarterly Report and Outlook
The company posted third-quarter adjusted earnings per share of $0.41, missing the analyst consensus of $0.51, according to Investing.com. Revenue for the period came in at $293.3 million, also trailing the forecast of $303.85 million and representing a sharp decline from the prior year.
More concerning for investors was the company's forward-looking guidance. Enphase projected fourth-quarter revenue to be in the range of $225 million to $255 million. The midpoint of this range is approximately 20% below the analyst consensus of about $300.5 million, implying a further sequential decline in sales.
Worsening Demand Headwinds
The weak financial results reflect a deteriorating demand environment for residential solar products. The company highlighted a significant slowdown in customer purchases, with weakness in both the U.S. and Europe.
Key demand indicators from the report include:
Ad- U.S. sell-through declined 35% year-over-year.
- European sell-through dropped 12% sequentially.
CEO Badri Kothandaraman attributed the persistent headwinds in the core U.S. market to "higher interest rates and the expiration of the Section 25D federal tax credit."
Market Reaction and Analyst Sentiment
The after-hours sell-off pushed the stock toward its 52-week low of $25.78, a stark contrast to its 52-week high of $73.74. The move was entirely company-specific, as the broader S&P 500 was flat during the regular session.
The negative sentiment was compounded by recent analyst actions, including a downgrade from Deutsche Bank in October and a maintained Sell rating from GLJ Research following the report. According to the source, net insider selling over the past year totaled approximately $10.8 million, further signaling internal caution.
Read next
More on Stocks
State Coalition Sues Trump Administration Over Rollback of Corporate Transparency Rule
A group of 21 states and the District of Columbia has filed a federal lawsuit challenging a Trump administration rule that exempts most companies from disclosing their beneficial owners, a key provision of the 2021 Corporate Transparency Act.
Enphase, CoStar Tumble on Weak Outlooks; DMC Global, PPG Surge After-Hours
Quarterly earnings reports triggered sharp after-hours moves, with weak forward guidance punishing shares of Enphase Energy and CoStar Group, while strong results sent DMC Global and PPG Industries soaring.
Eli Lilly to Merge US and International Units, Appoints Yuffa to Lead New Global Division
Eli Lilly announced a major restructuring that will combine its U.S. and international commercial operations into a new Lilly Global Markets organization. The move comes as international chief Patrik Jonsson prepares to retire, with Ilya Yuffa set to lead the new division.
Ferrovial 9-Month EBITDA Jumps 22% on Strong North American Toll Road Performance
Infrastructure giant Ferrovial reported a 21.8% like-for-like increase in adjusted EBITDA to €1.21 billion for the first nine months of 2026, driven by robust results from its U.S. and Canadian highway assets and a record construction backlog.