Shares of Israel-based solar inverter manufacturer, SolarEdge Technologies Inc. NASDAQSEDG have cratered more than 30% in Friday’s intraday session a day after the company issued weak guidance for its upcoming third quarter earnings report.
Sunnova Energy NYSENOVA -9.1%, JinkoSolar Holdings NYSEJKS –6.4% and Sunrun Inc. NASDAQRUN -6.3%. Related India Looks To Make Solar Modules Locally Enphase has been particularly badly hammered due to its considerable exposure to the European market. 'Europe had been viewed as the main growth driver, but this engine now looks to be faltering,' Citi analyst Vikram Bagri has said.
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