Solar Stocks Continue to Plunge After Friday SolarEdge Warning
$SolarEdge Technologies(SEDG.US)$ dropped 6.48% Wednesday, leading solar stocks lower. SolarEdge has dropped 35% in five days intraday after the maker of inverters and other equipment for solar-power systems cut its quarterly outlook on lower demand in Europe.
On bad forecasts of a slump in European demand for electricity dragged down $Enphase Energy(ENPH.US)$ shares down 2.59%, while shares of $Sunrun(RUN.US)$ dropped by 9.7% and $SunPower(SPWR.US)$ moved lower by 18.65%.
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