Hellooo123
Oct 4, 11:53 PM
$ENPH Hello everyone!
I have a question regarding the latest earnings call. I took a few screenshots of the earnings call transcript, which are attached.
During the Q&A session, an analyst asks Badri about Safe Harbor revenue (see screenshot 1). Badri’s answer is shown in screenshots 2 and 3.
As I understand his answer, there may be no Safe Harbor revenue in 2027. Can this really be the case?
I am particularly worried about Enphase’s Q1 2027 earnings and the potential reaction of the stock price if there is indeed no Safe Harbor revenue.
For reference, Q2 2026 revenue was:
* Total Revenue:
$291.9 million
* Safe Harbor Revenue:
$84.3 million
* Core Revenue:
$207.6 million
Let’s consider a hypothetical scenario:
What if Enphase generates
$0 of Safe Harbor Revenue in Q1 2027 and core revenue is, for example, between
$210 million and
$250 million?
The important question is: Does the current stock price already reflect this risk? What do you think?
Thank you in advance!
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