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

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

Shares of Enphase Energy, Inc. 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.

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

Gelteq Limited GELS shares dipped 17.7% to $2.3709 in pre-market trading after jumping 211% on Tuesday.
Forge Global Holdings, Inc. FRGE shares tumbled 12.1% to $10.38 in pre-market trading after falling 4% on Tuesday.
NovaGold Resources Inc. NG fell 10.6% to $3.89 in today's pre-market trading after jumping 40% on Tuesday.
Akso Health Group AHG dipped 9.4% to $1.2500 in pre-market trading.
SolarEdge Technologies, Inc. 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. ORLA fell 5.2% to $10.51 in pre-market trading.
Watsco, Inc. WSO declined 4.7% to $479.67 in pre-market trading following downbeat first-quarter results.