There's no denying Enphase Energy (NASDAQ: ENPH) dished out some disappointing numbers last week.

Although first-quarter sales were up a healthy 64% year over year, the quarter currently underway won't be nearly as impressive. The solar energy technology company is calling for sales of between $700 million and $750 million -- versus a consensus estimate of $745 million. So at the midpoint of that range, Enphase's second quarter top line would improve by about 37%.

Oh, sure -- that's still enormous growth for most companies. This particular company's stock, however, has been historically valued at a premium based on much bigger growth rates. Investors aren't quite sure how to price shares now that its comparisons are getting tougher. They just fear the future enough to sell shares in earnest now.

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Source Fool.com