Enphase Energy Stock Is Diving Wednesday: What's Going On?
Enphase Energy Stock Is Diving Wednesday: What's Going On?
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.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。
