Enphase Energy Inc
ENPH: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$31.00 | Hkdr | Msbzzzxt |
Solar Inverters: Competitor Profit Warning Signals Prolonged Elevated Channel Inventories
On June 18, SMA Solar reduced its sales and EBITDA guidance by 20% and 60%, respectively, for fiscal 2024. SMA shares plunged 31% the day following the profit warning. US inverter companies Enphase and SolarEdge are trading approximately 6% lower at the time of writing following the announcement.