Enphase Energy (NASDAQ: ENPH) stock, which makes microinverters for converting solar power to usable electricity, cratered Wednesday, down 15% through 2:50 p.m. ET despite beating on its earnings report last night.

Analysts forecast Enphase would earn $0.62 per share on $359.8 million in sales, and Enphase beat both numbers, earning $0.69 and doing $363.2 million in sales. So why is the stock down?

Image source: Getty Images.

Continue reading

Source Fool.com