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Enphase Energy, a solar company, forecasts disappointing sales for the second quarter as the rooftop market in the US remains sluggish. The company's stock slumps due to revenue below estimates and ongoing struggles in the solar industry. Installers in California report significant declines in their businesses compared to last year.
$ENPH Enphase: "In the last three to four weeks, I've been on the road, we have visited over 25 installers in California to really understand how their businesses are doing. Many reported that their businesses are down by 50% or more from last year's high..." https://t.co/6gcKHol5Gl
$ENPH Enphase: "...I've been on the road, we have visited over 25 installers in California to really understand how their businesses are doing. Many reported that their businesses are down by 50% or more from last year's high..." https://t.co/ZbJgDt6VVi
Enphase Energy sees the sluggish rooftop market in the US rebounding this year even as the company forecast disappointing sales for the second quarter https://t.co/FLv9igaYkH
