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Why Enphase Energy Stock Crashed Today

TheMotleyFool

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Enphase Energy (NASDAQ: ENPH) stock tumbled 12% through 10:20 a.m. ET Wednesday despite an earnings beat last night.

Heading into the report, analysts forecast Enphase would earn only $0.71 per share (non-GAAP) on sales of $383 million, but Enphase beat those numbers with a stick. Earnings came in at a strong $0.90 per share, and sales passed $410.4 million.

Image source: Getty Images.

Source Fool.com

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