Enphase Energy Sales Plunge on Weak European Demand

Key Takeaways Enphase Energy was the biggest decliner in the S&P 500 Wednesday, a day after missing third-quarter profit and sales forecasts as demand in Europe slumped. The solar power equipment maker also gave lower-than-expected current-quarter guidance. Enphase Energy sees an "incremental" improvement in its U.S. business, but continued weakness in Europe. Enphase Energy (ENPH) was the biggest decliner in the S&P 500 Wednesday, a day after the solar power equipment manufacturer posted weaker-than-expect ...