Enphase Energy (ENPH 0.92%) reported earnings after the market closed on Thursday, and the market was shocked by how badly the business is doing. It wasn't third-quarter results that were disappointing; it was fourth-quarter guidance that was so surprising.
In this video, Travis Hoium explains how Enphase Energy got here and how to interpret the results. While the next few quarters will be bad, there may be upside for investors in 2024 when utility rates rise, and dealer inventories increase.
*Stock prices used were end-of-day prices of Oct. 27, 2023. The video was published on Oct. 27, 2023.
