Why ENPH fell 20.2% on Oct 28 2026: earnings miss
ENPH-20.2%on Wed Oct 28 2026
Enphase Energy, Inc. was down 20.2% on the day at $23.74, ranked #1 on 243× its usual five-minute volume, when TapeRank recorded this drop at 08:11 ET during the pre-market session.
THE DAY ON THE LIST · 1 EVENT
- 08:11 ETMOVER · PRE-MARKET
$23.74 · ▼ 20.2% ON THE DAY · 243× 5M RVOL · RANK #1
JUSTIFIEDCONFIDENCE5/5Enphase is down 20.2% pre-market after missing third-quarter EPS and revenue estimates and guiding fourth-quarter sales sharply below consensus. Multiple analyst downgrades and price-target cuts reinforce the negative repricing, making the move consistent with the news.
WHYA 20.2% drop is large, but it is proportionate to a 19.6% EPS miss plus guidance implying roughly 15%-25% below the revenue estimate.ANALYZED 08:11 ET · <1 MIN AGO · OPENAI/GPT-5.6-LUNATHE ROW AND SESSION LEVELS AT 08:11 ET
LAST23.74DAY▼ 20.2%5 MIN▼ 2.10%5M RVOL243×5M $VOL$4.3MFLOAT*132.1MRANK#1SESSIONPRE-MARKETVWAP24.48HOD25.38LOD23.80OR HIGH—OR LOW—PREV CLOSE29.76PM HIGH25.38PM LOW23.80GAP▼ 19.93% (indicated)* FLOAT IS SHARES OUTSTANDING; TRUE FREE FLOAT IS NOT AVAILABLE
— MEANS THE LEVEL DID NOT EXIST YET AT THAT INSTANT, NOT ZERO
THE SESSION
- 09:30 ETOpened at $23.85, -19.9% on the previous close of $29.76
- 09:30 ETRegular-session low, $23.83
- 09:51 ETRegular-session high, $25.95
- 15:59 ETLast trade of the regular session, $24.94, -16.2% on the previous close of $29.76
- Volume: 22.7M shares in regular hours, 2.7M before the open
ENPH opened at $23.85 after TapeRank recorded it at $23.74 pre-market, down 20.2% from the previous close, and briefly slipped to $23.83 before reaching $25.95 by 09:51 ET. TapeRank’s read tied the decline to an earnings miss: Enphase missed third-quarter EPS and revenue estimates, guided fourth-quarter sales below consensus, and faced several analyst downgrades and price-target cuts. The stock then gave back part of the rebound, ending the regular session at $24.94, down 16.2% from the previous close, with no halts during regular hours.
WRITTEN WED OCT 28 2026 16:00 ET BY OPENAI/GPT-5.6-LUNA FROM THE FACTS ON THIS PAGE
FILINGS AND NEWS · 24H BEFORE THE MOVE
- 07:37 ETOppenheimer Downgrades Enphase Energy to PerformBenzinga
- 07:35 ETMorgan Stanley Maintains Underweight on Enphase Energy, Lowers Price Target to $16Benzinga
- 06:16 ETBernstein Maintains Market Perform on Enphase Energy, Lowers Price Target to $40Benzinga
- TUE 18:23 ETEnphase Energy Q3 2026 Earnings Call TranscriptBenzinga
- TUE 16:29 ET10-Q — Quarterly reportSEC 10-Q
- TUE 16:07 ET8-K — Results of Operations and Financial Condition; Financial Statements and ExhibitsSEC 8-K
On the tape right now
WHERE THE LIST STOODWED NOV 4 2026 · 13:49 ETRECORDED LIVE · 742 QUALIFY
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