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Enphase stock falls more than 15% as energy-tech company's revenue outlook comes up short

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Shares of Enphase Energy dropped more than 15% in the extended session Tuesday after the energy technology company projected lower-than-expected revenue in the current quarter.

Shares of Enphase Energy Inc. dropped more than 15% in the extended session Tuesday after the energy technology company reported first-quarter earnings that beat Wall Street expectations but called for lower-than-expected revenue in the current quarter.

Enphase ENPH earned $146.9 million, or $1.02 a share, in the first quarter, compared with $52 million, or 37 cents a share, in the year-ago period. Adjusted for one-time items, the company earned $1.37 a share.

 

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