Energy stock fell 25% after the company said its sales growth could slow because of weak demand for its solar products in the U.S.
That is an ominous sign for the solar market. Enphase (ticker: ENPH) has been one of the industry’s standout performers and had seemed impervious to market pressures until now. Other solar stocks fell too:
(RUN) was down 9.5% and
(SEDG) fell 10%.