Enphase Energy (ENPH) Tops Q2 EPS by 1c; Offers 3Q Revenue Outlook
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July 31, 2018 10:49 AM EDT
Vertical Group analsyt Gordon Johnson had a cautious note on SolarEdge Technologies (NASDAQ: SEDG) Tuesday following an accounting "deep dive". In it, he finds the company's accounting similar to the recent accounting controversy surrounding Enphase Energy's (NASDAQ: ENPH).
First, the analyst highlights that SEDG's current auditors are Ernst & Young Israel accountants Kost Forer Gabbay & Kasierer. He recalls three instances, including the widely known accounting chicanery alleged by Ceaserstone, when the auditor was associated with accounting impropriety.
Next, the analsyt analyzed GTM data, which shows a... More
July 31, 2018 7:39 AM EDT
Roth Capital reiterated a Buy rating and $6.50 price target on Enphase Energy (NASDAQ: ENPH) ahead of the company's 2Q earnings report. Last week, the stock fell ~15% after a short report was published Wednesday highlighting accounting concerns.
With the sharp pullback in the... More
