Enphase Energy Plunges 11.1% on Missed Earnings

Enphase Energy, a leading home energy technology company, experienced a significant drop of 11.1% in pre-market trading on April 23, 2025. This decline came after the company reported its first-quarter financial results, which fell short of Wall Street's expectations.

Enphase Energy missed its revenue estimates for the first quarter of 2025, reporting $356.1 million in revenue, which was below the consensus estimate of $361.43 million. The company's earnings also missed analyst expectations, with earnings per share (EPS) coming in lower than anticipated. This disappointing performance led to a sharp decline in the company's stock price, which fell by over 11% in aftermarket trading.

During the earnings call, Enphase Energy provided guidance for the second quarter, forecasting revenue between $340 million and $380 million. However, this guidance also fell below analyst estimates, further contributing to the negative sentiment surrounding the stock. The company's profitability also came in slightly below consensus expectations, with both revenues and earnings missing the mark.

Despite the disappointing quarterly results, Enphase Energy reported a significant year-over-year increase in sales, with revenue rising by 35.2% compared to the same period last year. This growth highlights the company's strong market position and continued demand for its energy solutions. However, the company's inability to meet Wall Street's expectations has raised concerns about its future performance and outlook.