Benzinga··Lekha GuptaEnphase Energy Misses Revenue Targets, Blames Solar Tax Credit Cliff
Enphase Energy missed Q1 revenue targets at $282.9M, citing softer U.S. residential solar demand post-tax credit expiration, despite beating on adjusted EPS. Forward guidance disappointed with $280-310M Q2 guidance below consensus expectations.
ENPHrevenue missguidance reduction