Enphase Energy shares down more than 12% after weak results
- Profit Drop: $ENPH reported earnings of 33 cents per share, down from 80 cents in the same period last year.
- Revenue below expectations: Revenue fell to $380.9 million, below analysts' expectations, who had estimated USD 393 million.
- Negative Outlook: Fourth-quarter revenue outlook is below expectations of $434...
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The company has a lot of problems and he doesn't like the stock development at all, so I won't be buying. It's too big a risk for me.