Enphase Energy Stock Is Diving Wednesday: What's Going On?
Enphase Energy Stock Is Diving Wednesday: What's Going On?
The company said it generated $170.1 million in cash flow from operations and $161.3 million in free cash flow during the quarter. Enphase ended the quarter with $1.77 billion in cash, cash equivalents and marketable securities.Enphase Energy Inc (NASDAQ:ENPH) shares are trading lower Wednesday after the company reported worse-than-expected financial results for the third quarter. The selloff has accelerated Wednesday morning as multiple analyst firms downgraded or slashed price targets on the stock.
Enphase能源公司（納斯達克股票代碼：ENPH）股價週三下跌，因爲該公司報告了第三季度比預期更糟糕的財務業績。隨着多家分析師公司下調或削減了該股的價格目標，這種拋售行爲在週三早上加劇。
- Q3 Revenue: $380.9 million, versus estimates of $391.979 million
- Q3 營業收入：38090萬美元，低於39197.9萬美元的預估
- Q3 EPS: 65 cents, versus estimates of 77 cents
- Q3 每股收益：65美分，低於77美分的預估
U.S. revenue was up approximately 43% on a quarter-over-quarter basis due to higher shipments to distributors. Meanwhile, revenues in Europe fell approximately 15% quarter-over-quarter, driven by a "further softening" in European demand.
美國營業收入按季度計增長約43%，因向經銷商發貨增加。與此同時，歐洲營業收入按季度計減少約15%，主要由歐洲需求的「進一步軟化」驅動。
Enphase shipped 172.9 megawatt hours of IQ batteries in the quarter and shipped approximately 1,176,000 microinverters from its contract manufacturing facilities in the U.S.
Enphase在該季度內發貨了172.9兆瓦時的IQ電池，並從其美國合同製造廠發貨了約1,176,000個微逆變器。
The company said it generated $170.1 million in cash flow from operations and $161.3 million in free cash flow during the quarter. Enphase ended the quarter with $1.77 billion in cash, cash equivalents and marketable securities.
該公司在該季度運營活動中產生了17010萬美元現金流，自由現金流爲16130萬美元。Enphase季末現金、等價物及可用證券總額爲17.7億美元。
Enphase forecasted fourth-quarter revenue of $360 million to $400 million. The company said it expects third quarter gross margin of 47% to 50%, or 49% to 52% on an adjusted basis.
Enphase預測第四季度營業收入爲36000萬至40000萬美元。該公司表示預計第三季度毛利率爲47%至50%，或調整後爲49%至52%。
Enphase shares fell about 8% when the report was released. Multiple other solar names including SolarEdge Technologies Inc (NASDAQ:SEDG) and Sunrun Inc (NASDAQ:RUN) also fell in sympathy with Enphase. The selling pressure intensified on Wednesday as multiple analysts weighed in.
Enphase股價在報告發布時下跌約8%。與Enphase同樣下跌的還有SolarEdge Technologies Inc（納斯達克股票代碼：SEDG）和Sunrun Inc（納斯達克股票代碼：RUN）等多個其他太陽能公司。隨着多家分析師表態，拋售壓力在週三加劇。
- Janney Montgomery Scott analyst Sean Milligan downgraded Enphase from Buy to Neutral and set a price target of $83.
- Janney Montgomery Scott分析師Sean Milligan將Enphase的評級從買入調降至中立，並設定了83美元的價格目標。
- Guggenheim analyst Joseph Osha downgraded Enphase from Neutral to Sell and set a price target of $73.
- 古根海姆分析師Joseph Osha將Enphase的評級從中立降級至賣出，並設定了73美元的價格目標。
- Morgan Stanley analyst Andrew Percoco maintained Enphase with an Equal-Weight and lowered the price target from $102 to $93.
- 摩根士丹利分析師Andrew Percoco維持對Enphase的等權評級，並將價格目標從102美元下調至93美元。
- Oppenheimer analyst Colin Rusch maintained Enphase with an Outperform and lowered the price target from $134 to $101.
- Oppenheimer分析師Colin Rusch維持對Enphase的跑贏市場評級，並將價格目標從134美元下調至101美元。
- Piper Sandler analyst Kashy Harrison maintained Enphase with a Neutral and lowered the price target from $105 to $85.
- 派傑投資分析師Kashy Harrison維持對Enphase的中立評級，並將價格目標從105美元下調至85美元。
ENPH Price Action: Enphase shares were down 17% at $76.56 Wednesday morning, according to Benzinga Pro.
ENPH股價表現：根據Benzinga Pro的數據，Enphase股價週三上午下跌了17%，報價76.56美元。
Photo: Shutterstock.
照片：shutterstock。
譯文內容由第三人軟體翻譯。
