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Enphase Energy, Inc. (ENPH) Message Board

  • donco509 donco509 Oct 19, 2012 4:08 PM Flag

    What just happened?

    What was that today? Mr. Frog's Wild Ride?
    All my stocks tanked, and in the last moments several came all the way back.
    I'm thrilled, but this market never fails to surprise.

    Sentiment: Hold

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    • SMA shares tanked hard today losing a full third of their value overnight. The yahoo symbol for SMA solar is: S92.DE

      Since yahoo probably won't allow the link, here's what's happening:
      Oct 18 (Reuters) - SMA Solar Technology on Thursday said it expects a severe decline in sales and that it may even post a loss in 2013, blaming subsidy cuts in photovoltaics and a steep downturn in Europe.

      The company said in a statement it expects 2013 sales to be between 900 million euros ($1.18 billion) and 1.3 billion euros, achieving a break-even operating result at best, and did not rule out a loss.

      For 2012, the company expects sales of between 1.3 and 1.5 billion euros.

      The company further said it will cut 450 employees world-wide and stop using 600 temporary staff.

      They own the German inverter market and Angie just cut incentives.
      Fortunately Enphase has no Germany exposure but I maintain that European expansion will be slower than domestic for similar reasons. It's interesting that Enphase is still in growth mode while the above story unfolds . . .

      My predictions for Enphase earnings report are unchanged.

4.58-0.05(-1.08%)Aug 28 4:00 PMEDT