Why Enphase (ENPH) Shares Are Sliding Today
Shares of home energy technology company Enphase (NASDAQ:ENPH) fell 14.5% in the afternoon session after the company provided a weaker-than-expected revenue forecast for the third quarter. The company projected third-quarter revenue to be between $330 million and $370 million, with the midpoint falling short of analysts’ expectations. While Enphase’s second-quarter earnings and revenue surpassed estimates,…