U.S. equities were mixed Friday after the latest batch of financial reports painted a mixed picture of corporate earnings, raising new concerns about a possible recession.
Solar energy stocks were rocked Friday after Enphase Energy (ENPH) reported sales slumped and warned about the current quarter as demand for its solar equipment and batteries dropped.
CNBC's Pippa Stevens joins 'Power Lunch' to discuss the energy trade.

Why Residential Solar Stocks Dropped This Week

01:32pm, Friday, 27'th Oct 2023
Enphase Energy's earnings report showed a huge decline in solar installations worldwide. Sunrun was hit by a short-seller report.
Enphase Energy Inc (NASDAQ:ENPH) shares slid 15% to $81.34 in late-morning trading on Friday after solar equipment maker reported third-quarter 2023 revenue that fell 13% year over year to $551.1 mill
That statement by Enphase Energy Inc.'s CEO was made late Thursday on a conference call with analysts, according to an AlphaSense transcript, that followed a disappointing third-quarter earnings repor

Why Enphase Energy Stock Is Plummeting Today

11:09am, Friday, 27'th Oct 2023
Despite beating earnings estimates, Enphase Energy's third-quarter sales missed the market's target. The company also issued Q4 sales guidance that came in far bellow Wall Street's target.

Energy Stock Hits 3-Year Lows After Earnings

10:51am, Friday, 27'th Oct 2023
Enphase Energy Inc (NASDAQ:ENPH) stock is plummeting to three-year lows today, down 14.6% at $81.97 at last glance, after the company's third-quarter revenue miss and disappointing fourth-quarter fore
Enphase (NASDAQ: ENPH ) stock is trending and sinking about 13% this morning after the company reported much weaker-than-expected third-quarter results and provided Q4 guidance that was also significa
Enphase Energy Inc. ENPH, +1.94% drew a downgrade to perform from outperform by Oppenheimer analyst Colin Rusch , who cited “industry uncertainty.” The solar power micro-converter maker warned it
Enphase Energy's (ENPH) third-quarter 2023 earnings meet the Zacks Consensus Estimate. However, the top line declines 13.2% from the prior-year quarter's reported figure.
Enphase Energy, Inc. (NASDAQ:ENPH ) Q3 2023 Earnings Conference Call October 26, 2023 4:30 PM ET Company Participants Zach Freedman - IR Badri Kothandaraman - President and CEO Mandy Yang - CFO Raghu

Enphase Energy (ENPH) Q3 Earnings Meet Estimates

07:36pm, Thursday, 26'th Oct 2023
Enphase Energy (ENPH) came out with quarterly earnings of $1.02 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.25 per share a year ago.
Enphase stock is down 16% after the company reported Q3 earnings. Is the stock a buy right now?
Shares of Enphase Energy Inc. ENPH, +1.94% plunged 17.1% toward a three-year low in after-hours trading Thursday, after the solar and battery systems company missed third-quarter revenue expectations
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