Enphase Energy reported disappointing third-quarter earnings, missing both revenue and earnings estimates, which led to a significant decline in its stock price. The company forecasted fourth-quarter revenue below Wall Street expectations due to muted demand in various markets, particularly in Europe. Following the earnings report, Enphase shares fell by as much as 18% in premarket trading, with a notable drop of 9% after the bell. The CEO indicated an expectation for incremental improvement in the U.S. business but acknowledged a continued slowdown in Europe. Analysts noted that the stock could test its 52-week lows, with some suggesting it may reach levels around $73. The overall sentiment among investors turned bearish, reflected in a low sentiment score of 9 out of 100 on Stocktwits.