Recap: Enphase Energy Q2 Earnings

Shares of Enphase Energy ENPH moved lower by 3.84% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share decreased 5.56% year over year to $0.17, which beat the estimate of $0.14.

Revenue of $125,538,000 decreased by 6.38% from the same period last year, which beat the estimate of $123,200,000.

Outlook

Enphase Energy hasn't issued any earnings guidance for the time being.

Q3 revenue expected to be between $160,000,000 and $175,000,000.

Conference Call Details

Date: Aug 04, 2020

Time: 04:30 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/xdq3wnnr

Price Action

52-week high: $70.36

Company's 52-week low was at $17.18

Price action over last quarter: Up 23.48%

Company Description

Enphase Energy Inc delivers energy management technology for the solar industry. The company designs, develops, manufactures and sells home energy solutions that connect solar generation, energy storage, and management on one intelligent platform. Its product and service portfolio consists of Enphase Microinverters, Enphase Envoy, Enphase Enlighten and Apps, Enphase Energy Services, and Enphase Storage System. Geographically, it derives a majority of revenue from the United States.