Enphase Energy shares declined 8.48% on Thursday, settling at $44.14 and marking a third consecutive day of losses. The stock now trades approximately 37.6% below its 52-week peak of $70.78.
Market Context and Sector Pressure
The slide occurred as technology stocks broadly retreated, with investors showing caution ahead of the release of U.S. Consumer Price Index figures. The solar sector mirrored the downturn, with peers like First Solar, SolarEdge, and Sunrun also closing lower.
Company Developments and Outlook
In its recent financial update, Enphase reported fourth-quarter revenue of $343.3 million. For the current quarter, the company projects revenue between $270 million and $300 million. Management highlighted strong U.S. demand but noted margin pressure from tariffs and softer performance in Europe.
The company also recently announced a restructuring plan, involving the elimination of about 160 positions, with associated costs estimated near $4.6 million.
Insider Trading Activity
Adding to the market's focus, Enphase director Richard Mora sold 1,100 shares this week at an average price of $52.05, according to a regulatory filing. Following the transaction, his remaining stake stands at 9,370 shares.
All eyes are now on the January inflation report, which economists forecast will show a 0.3% monthly increase. The data could significantly influence interest rate-sensitive stocks like Enphase as trading concludes for the week.
