Enphase Lacks Energy
Enphase Energy develops and manufactures solar micro-inverters, battery energy storage, and EV charging stations for residential customers. However, today the only thing it produced was losses for its shareholders. 😬
The company reported adjusted earnings per share of $1.47, which topped the $1.28 expected. Revenues fell short, though, at $711.1 million vs. the $726 million consensus view. 🔻