🔴 Enphase Energy is trading 15.66% down in pre-market after earnings miss and weak Q4 forecast

Enphase Energy is trading down 15.66% at $25.10 after its October 27 results disappointed.

• Q3 revenue of $293.3 million was below estimates; adjusted earnings also missed expectations.
• Q4 revenue guidance was $225 million to $255 million, below analyst consensus; sell-through is expected to decline 10% sequentially.
• Enphase cited soft U.S. residential demand and seasonal European weakness. Overnight selling followed after-close results and cautious outlook; the pre-market move substantially exceeds recent daily declines. Context does not point to a broad-market drop as the main cause.