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Enphase Energy Forecasts Lower Revenue, Cites Tariff Impact: Reuters Report
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Heartspace News Desk
•Source: Reuters
Photo by Florida Solar Fix on Unsplash
TL;DR
Enphase Energy's stock fell after hours because its projected fourth-quarter revenue, between $310 million and $350 million, missed analysts' estimates of $382.96 million. The company attributes lower profit margins to Trump-era tariffs, which reduced third-quarter margins by 4.9 percentage points and are expected to reduce fourth-quarter margins by about 5 percentage points.
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Key takeaways
- Enphase Energy projects fourth-quarter revenue below Wall Street expectations, causing its shares to decline in after-hours trading, according to Reuters
- The solar inverter manufacturer forecasts revenue between $310 million and $350 million for the quarter, with the midpoint falling short of the $382
- 96 million analysts anticipated
Enphase Energy projects fourth-quarter revenue below Wall Street expectations, causing its shares to decline in after-hours trading, according to Reuters.
The solar inverter manufacturer forecasts revenue between $310 million and $350 million for the quarter, with the midpoint falling short of the $382.96 million analysts anticipated. Enphase Energy cited tariffs implemented by the Trump administration as a factor negatively impacting profit margins. These tariffs reduced third-quarter margins by 4.9 percentage points and are projected to decrease fourth-quarter margins by approximately 5 percentage points.
Related Topics
Enphase Energyrevenue forecasttariffsfinancial performancesolar industry
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