Enphase Energy Posts Downbeat Results, Joins Watsco And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

Author: Avi Kapoor | April 23, 2025 08:40am

U.S. stock futures were higher this morning, with the Dow futures gaining around 700 points on Wednesday.

Shares of Enphase Energy, Inc. (NASDAQ:ENPH) fell sharply in today's pre-market trading after the company reported worse-than-expected quarterly financial results.

Enphase Energy reported first-quarter revenue of $356.1 million, missing the consensus estimate of $361.43 million. The solar company reported adjusted earnings of 68 cents per share, missing analyst estimates of 70 cents per share, according to Benzinga Pro.

Enphase Energy shares dipped 11.5% to $47.22 in the pre-market trading session.

Here are some other stocks moving lower in pre-market trading.

• Gelteq Limited (NASDAQ:GELS) shares dipped 17.7% to $2.3709 in pre-market trading after jumping 211% on Tuesday.
• Forge Global Holdings, Inc. (NYSE:FRGE) shares tumbled 12.1% to $10.38 in pre-market trading after falling 4% on Tuesday.
• NovaGold Resources Inc. (NYSE:NG) fell 10.6% to $3.89 in today's pre-market trading after jumping 40% on Tuesday.
• Akso Health Group (NASDAQ:AHG) dipped 9.4% to $1.2500 in pre-market trading.
• SolarEdge Technologies, Inc. (NASDAQ:SEDG) dipped 7.2% to $12.11 in pre-market trading. SolarEdge Technologies will report financial results for the first quarter before market open on Tuesday, May 6.
• Orla Mining Ltd. (NYSE:ORLA) fell 5.2% to $10.51 in pre-market trading.
• Watsco, Inc. (NYSE:WSO) declined 4.7% to $479.67 in pre-market trading following downbeat first-quarter results.

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• Top 2 Tech And Telecom Stocks You May Want To Dump This Quarter

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Posted In: AHG ENPH FRGE GELS NG ORLA SEDG WSO