Here's Why Enphase Energy Is Moving

Enphase Energy Inc ENPH shares are trading lower by 8.19% in sympathy with Solaredge Technologies Inc SEDG after the company reported worse-than-expected first-quarter EPS results.

SolarEdge Technologies reported quarterly earnings of 98 cents per share which missed the analyst consensus estimate of 99 cents per share by 1.01 percent. The company reported quarterly sales of $405.49 million which did beat the analyst consensus estimate of $396.21 million.