What caused ENPH's earnings misses in early 2024?

Enphase Energy's earnings miss in early 2024 was caused by a combination of factors: 1. **Decrease in Battery Shipments**: There was a significant decrease in battery shipments to Europe and California. This decrease in battery deployments and adoption was due to seasonal factors and macroeconomic conditions. 2. **Softening U.S. Demand**: There was a further softening in U.S. demand, which impacted the first-quarter results. This could be due to factors such as changes in government policies or economic conditions. 3. **Stock Slump Due to Outlook Miss**: Enphase's stock slumped as the company's outlook missed expectations. This guidance miss may reflect broader challenges in the solar sector, such as slowing demand or supply chain disruptions. In summary, Enphase Energy's earnings miss in early 2024 was likely a result of a combination of factors including decrease in battery shipments, softening U.S. demand and stock slump due to outlook miss. |code|Ticker|Name|Date|Total Revenue|Net Income|Diluted EPS|market_code| |---|---|---|---|---|---|---|---| |ENPH|ENPH.O|Enphase Energy|2024 Q1|2.63339E8|-1.6097E7|-0.12|185|