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Solar power stocks fell hard in after-hours trading on Thursday following a warning from solar-equipment maker SolarEdge Technologies that demand in Europe has slumped significantly.
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https://www.barrons.com/articles/solaredge-stock-guidanceprice-solar-e54cc9fb
SolarEdge Technologies
was falling sharply Wednesday after issuing disappointing third-quarter guidance, the latest solar company to do so.
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https://www.barrons.com/articles/first-solar-stock-buying-solar-tech-firm-evolar-da85f0b1
First Solar
stock rose sharply Friday as the company disclosed a deal it said would bolster its technological position in the solar energy space.
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Enphase Energy, Inc. is a global energy technology company, which engages in the design, development, manufacture, and sale of micro inverter systems for the solar photovoltaic industry. The firm’s products include IQ 7 Microinverter Series, IQ Battery, IQ Envoy, IQ Microinverter Accessories, IQ Envoy Accessories and Enlighten & Apps. It operates through the following geographical segments: United States, India, China, Mexico, New Zealand, Romania, and Other. The company was founded by Raghuveer R. Belur and Martin Fornage in March 2006 and is headquartered in Fremont, CA.
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Shares of Enphase Energy Inc. ENPH dropped more than 15% in the extended session Tuesday after the energy technology company reported first-quarter earnings that beat Wall Street expectations but called for lower-than-expected revenue in the current quarter. Enphase earned $146.9 million, or $1.02 a share, in the first quarter, compared with $52 million, or 37 cents a share, in the year-ago period. Adjusted for one-time items, the company earned $1.37 a share. Revenue rose to $726 million from $441 million a year ago. FactSet consensus called for adjusted EPS of $1.21 on sales of $724 million in the quarter. Enphase guided…
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