Enphase Energy's Stock Dips Due to Earnings Decline and Solar Demand Concerns
Enphase Energy (ENPH) stock fell over 10% in pre-market trading after reporting a 31% decline in non-GAAP earnings per share for its fiscal first quarter. The drop was attributed to reduced U.S. solar demand, tariff costs, and shifting energy priorities. The company plans to cut distributor list prices for batteries by 10% in May.
Topics: Biotech Growth Earnings Slump Enphase Energy Kiniksa Pharmaceuticals Stock Price Movement