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My Blog > Blog > World > Solar-Power Stocks Tumble After SolarEdge Warns of Slowing Installations
World

Solar-Power Stocks Tumble After SolarEdge Warns of Slowing Installations

Olivia Scott
Last updated: 2023/10/20 at 5:25 PM
Olivia Scott
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Solar-Power Stocks Tumble After SolarEdge Warns of Slowing Installations
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Updated 10 min 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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