Enphase Energy Stock Is Diving Wednesday: What's Going On?
Enphase Energy Stock Is Diving Wednesday: What's Going On?
Enphase Energy Inc (NASDAQ:ENPH) shares are trading lower Wednesday after the company reported worse-than-expected financial results for the third quarter. The selloff has accelerated Wednesday morning as multiple analyst firms downgraded or slashed price targets on the stock.
Enphase Energy Inc(納斯達克股票代碼:ENPH)週三股價走低,此前該公司公佈的第三季度財務業績低於預期。由於多家分析公司下調或下調了該股的目標股價,週三上午的拋售加速。
- Q3 Revenue: $380.9 million, versus estimates of $391.979 million
- 第三季度收入:3.809億美元,而預期爲3.91979億美元
- Q3 EPS: 65 cents, versus estimates of 77 cents
- 第三季度每股收益:65美分,而預期爲77美分
U.S. revenue was up approximately 43% on a quarter-over-quarter basis due to higher shipments to distributors. Meanwhile, revenues in Europe fell approximately 15% quarter-over-quarter, driven by a "further softening" in European demand.
由於分銷商的出貨量增加,美國收入同比增長了約43%。同時,受歐洲需求 「進一步疲軟」 的推動,歐洲的收入同比下降了約15%。
Enphase shipped 172.9 megawatt hours of IQ batteries in the quarter and shipped approximately 1,176,000 microinverters from its contract manufacturing facilities in the U.S.
Enphase在本季度出貨了172.9兆瓦時的IQ電池,並從其在美國的合同製造工廠出貨了約1,176,000台微型逆變器。
The company said it generated $170.1 million in cash flow from operations and $161.3 million in free cash flow during the quarter. Enphase ended the quarter with $1.77 billion in cash, cash equivalents and marketable securities.
該公司表示,本季度運營產生的現金流爲1.701億美元,自由現金流爲1.613億美元。Enphase在本季度末擁有17.7億美元的現金、現金等價物和有價證券。
Enphase forecasted fourth-quarter revenue of $360 million to $400 million. The company said it expects third quarter gross margin of 47% to 50%, or 49% to 52% on an adjusted basis.
Enphase預測第四季度收入爲3.6億美元至4億美元。該公司表示,預計第三季度毛利率爲47%至50%,調整後爲49%至52%。
Enphase shares fell about 8% when the report was released. Multiple other solar names including SolarEdge Technologies Inc (NASDAQ:SEDG) and Sunrun Inc (NASDAQ:RUN) also fell in sympathy with Enphase. The selling pressure intensified on Wednesday as multiple analysts weighed in.
報告發布時,Enphase股價下跌了約8%。包括SolarEdge Technologies Inc(納斯達克股票代碼:SEDG)和Sunrun Inc(納斯達克股票代碼:RUN)在內的其他多個太陽能公司也對Enphase表示同情。由於多位分析師的參與,週三的拋售壓力加劇。
- Janney Montgomery Scott analyst Sean Milligan downgraded Enphase from Buy to Neutral and set a price target of $83.
- 詹尼·蒙哥馬利·斯科特分析師肖恩·米利根將Enphase的評級從買入下調至中性,並將目標股價定爲83美元。
- Guggenheim analyst Joseph Osha downgraded Enphase from Neutral to Sell and set a price target of $73.
- 古根海姆分析師約瑟夫·奧沙將Enphase的評級從中性下調至賣出,並將目標股價定爲73美元。
- Morgan Stanley analyst Andrew Percoco maintained Enphase with an Equal-Weight and lowered the price target from $102 to $93.
- 摩根士丹利分析師安德魯·佩爾科科維持Enphase的同等權重,並將目標股價從102美元下調至93美元。
- Oppenheimer analyst Colin Rusch maintained Enphase with an Outperform and lowered the price target from $134 to $101.
- 奧本海默分析師科林·拉什以跑贏大盤維持Enphase,並將目標股價從134美元下調至101美元。
- Piper Sandler analyst Kashy Harrison maintained Enphase with a Neutral and lowered the price target from $105 to $85.
- 派珀·桑德勒分析師卡希·哈里森將Enphase維持在中性水平,並將目標股價從105美元下調至85美元。
ENPH Price Action: Enphase shares were down 17% at $76.56 Wednesday morning, according to Benzinga Pro.
ENPH價格走勢:根據Benzinga Pro的數據,週三上午Enphase股價下跌17%,至76.56美元。
Photo: Shutterstock.
照片:Shutterstock。