Solar Woes Deepen After Enphase Stock Plunges to Three-Year Low - The Wall Street Journal

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Solar Woes Deepen After Enphase Stock Plunges to Three-Year Low

By

Anna Hirtenstein

, Reporter

Enphase Energy (ENPH) stock tumbled, another sign of trouble in the solar business and the broader clean-energy industry.

Late Thursday, Enphase, which makes solar inverters and batteries, projected revenue for the current quarter that fell well below analyst forecasts. The California- based company said the slowdown in solar-product sales would last into early next year.

In recent market action, the stock fell around 17%, echoing an afterhours selloff Thursday.

The stock recently traded at under $80. It hit its lowest levels in more than three years.

The stock has dropped around 70% this year.

Shares in peers such as SunRun (RUN) and SolarEdge Technologies (SEDG) tumbled.

Enphase Energy Inc.

ENPH (U.S.: Nasdaq)

SolarEdge Technologies Inc.

SEDG (U.S.: Nasdaq)

SunRun Inc.

RUN (U.S.: Nasdaq)

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Solar Woes Deepen After Enphase Stock Plunges to Three-Year Low - The Wall Street Journal
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