Enphase Energy downgraded to neutral at Oppenheimer on uncertainty in solar industry

Enphase Energy Inc.

drew a downgrade to perform from outperform by Oppenheimer analyst Colin Rusch , who cited “industry uncertainty.” The solar power micro-converter maker warned it expects fourth-quarter revenue of $300 million to $350 million, well below the latest FactSet consensus estimate of $447.5 million. Rusch said the company missed its third-quarter sales estimate due to weaker demand, while cost reductions are slower than expected.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Stocks making the biggest moves after hours: Intel, Amazon, Chipotle, Enphase Energy and moreSee which stocks are posting big moves after the bell.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

Stocks making the biggest moves premarket: Amazon, Intel, Enphase Energy and moreThese are the stocks posting the largest moves in premarket trading.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

Amazon, Intel, Ford, Enphase, Dexcom, Deckers, Exxon, Chevron, and More Market MoversAmazon posts third-quarter profit well ahead of estimates, Intel issues upbeat guidance, Ford reports weaker-than-expected earnings, and Enphase projects a...
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »