Updated 1 hour ago
Solar-Power Stocks Tumble After SolarEdge Warns of Slowing Installations
By
Anna Hirtenstein
, Reporter
Solar stocks dropped after SolarEdge Technologies (SEDG), a U.S.-listed and Israel-based equipment maker, said clients in Europe had been “much slower” to install its equipment recently.
SolarEdge stock plunged around 26%, making it the worst performer in the S&P 500.
Rival Enphase Energy (ENPH) dropped about 13%. It was the second -biggest decliner in the S&P 500.
SunRun (RUN) fell more than 4% and SunPower (SPWR) lost around 8%.
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