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Enphase Just Reported Its Lowest Quarterly Revenue in Over 3 Years. Is The Growth Story Officially Over?

TheMotleyFool

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Enphase Just Reported Its Lowest Quarterly Revenue in Over 3 Years. Is The Growth Story Officially Over?: https://g.foolcdn.com/editorial/images/774513/installing-solar-panels-on-roof-1200x799-779f864.jpg

Enphase Energy (NASDAQ: ENPH) remains under pressure and bogged down by an industrywide slowdown in the solar market. After a 50% decline in 2023, the stock is down over 18% in 2024, which is a particularly bad look relative to a strong performance in the S&P 500.

The same factors that made Enphase a Wall Street darling have turned against the company, showcasing the dangers of investing in cyclical stocks.

Here's why the narrative is negative on Enphase, and what the company needs to do to turn things around.

Source Fool.com

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