Why Enphase Energy Stock Crashed on Wednesday

Solar power microinverter-maker Enphase Energy (NASDAQ:ENPH) stock collapsed in morning trading Wednesday, falling 15.5% through 10:05 a.m. ET after missing on earnings last night. Heading into the report, analysts expected Enphase to earn $0.51 per share, non-GAAP, on $303.8 million in sales, but the most Enphase could muster was $0.41 per share on $293.3 million in sales. Image source: Getty Images.

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