Solar Stocks Routed After Enphase Issues Weak Guidance ...Middle East

  U.S.-based solar stocks sold off heavily on Wednesday, and only slightly recovered on Thursday after one of the sector’s leading names, Enphase Energy Inc. (NASDAQ:ENPH), delivered a healthy quarterly report but issued weak guidance sparking fears of industrywide weakness. ENPH shares crashed 25.7% on Wednesday to a 10-month low after the company cut its Q2 revenue guidance, blaming it on weakness in its pivotal U.S. market and higher interest rates.  ENPH took down its U.S.-based peers along with it: First Solar (NASDAQ:FSLR)-5.2%,…

Read More Details
Finally We wish PressBee provided you with enough information of ( Solar Stocks Routed After Enphase Issues Weak Guidance )

Also on site :

• Blockades Loom Again as Libya Seeks Global Oil Investment
• Somaliland’s Rising Strategic Role in U.S. Oil and Military Policy
• Quiddity Engineering Hires Reese Williams as Vice President, Transportation, in its Austin Office