The Can't-Miss Part of Enphase's Earnings Call That Could Indicate Where the Company Is Headed
For the last few months, shares of Enphase Energy (NASDAQ: ENPH) have been in free fall. From installers, to panel manufacturers, to renewable electric utilities, to inverter makers like Enphase, the broader solar industry is now in a major downturn.
In 2020, Enphase booked $774 million in revenue, followed by $1.38 billion in 2021 and $2.33 billion in 2022. But if it hits the midpoint of its latest fourth-quarter guidance, 2023 revenue will come in at just $2.31 billion, the first year-over-year annual decline since 2017.
Management had a lot to say on the recent third-quarter earnings call. Here's one of the hidden nuggets on the call that could indicate where Enphase is headed and what to do about the stock now.
Source Fool.com
