Enphase Energy Stock Plunge Despite Earnings Beat – What’s Behind the Solar Shake-Up?
Enphase Stock Slumps Despite Big Earnings Beat Enphase Energy’s stock has been struggling in 2025 – and the latest earnings did little to change that narrative. Shares closed around $36.70 on Oct. 28 (down ~0.3% on the day) chartmill.com, then tumbled roughly 7–8% to the mid-$33 range in after-hours trading once Q3 results and guidance were out chartmill.com. This drop wiped out a modest rally the stock had enjoyed in October, effectively “erasing the gains seen over the previous two weeks” chartmill.com. The immediate cause was mixed news in the Q3 report. On one hand, Enphase delivered a solid beat: