Enphase Energy Stock Plummets 16.44% in Two Days as Trading Volume Drops to 301st Rank

On July 24, 2025, Enphase Energy (ENPH) experienced a significant decline, with its trading volume dropping by 63.83% to $383 million, ranking 301st in the day's market activity. The stock price fell by 2.65%, marking the second consecutive day of decline, with a total decrease of 16.44% over the past two days.

Enphase Energy's stock price tumbled due to a weak revenue outlook for the third quarter. Investors were disappointed by the company's guidance, which projected revenue between $330 million and $370 million, falling short of analyst expectations. This shortfall in guidance was a significant factor in the stock's decline, as it indicated a potential decrease in sales for the quarter.

The company's financial results, which showed in-line revenue and better-than-expected margins and earnings per share, did not alleviate investor concerns. The price target for Enphase Energy stock was lowered by Oppenheimer following the release of these results, further contributing to the negative sentiment surrounding the stock.

Enphase's stock price decline was also influenced by the waning U.S. residential solar demand. The company's Q3 guidance shortfall failed to meet analyst expectations, exacerbating the negative impact on the stock price. The combination of weak guidance, tariff concerns, and declining demand in the residential solar market contributed to the significant drop in Enphase Energy's stock price.