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Enphase Stock Crashes After Another Weak Report. Is It a Buy Now?

Enphase stock is down 16% after the company reported Q3 earnings. Is the stock a buy right now?

By Neil Rozenbaum – Oct 26, 2023 at 6:15PM EST

In this video, I will go over Enphase Energy's (ENPH +8.05%) third-quarter earnings and explain why the stock crashed 16%. This should come as no surprise after SolarEdge released its preliminary financial results for the third quarter, showing a slowdown in growth.

*Stock prices used were from the trading day of Oct. 26, 2023. The video was published on Oct. 26, 2023.

Read Next

Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Enphase Energy. The Motley Fool recommends SolarEdge Technologies. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

Stocks Mentioned

Enphase Energy Stock Quote
Enphase Energy
NASDAQ: ENPH
$33.63
(+7.82%)+$2.44
SolarEdge Technologies Stock Quote
SolarEdge Technologies
NASDAQ: SEDG
$42.03
(+1.07%)+$0.45

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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