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Stock impact report

Enphase Sees Soft Solar Market Rebounding Despite Weak Sales [Financial Post (Toronto, Ontario, Canada)]

SolarEdge Technologies, Inc. (SEDG) 
Last solaredge technologies, inc. earnings: 2/19 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.solaredge.com
Company Research Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Solar equipment giant Enphase Energy Inc. sees the sluggish US rooftop market rebounding this year even as the company forecast disappointing sales for the second quarter. Enphase shares dipped 5.5% in post-market trading after the company reported first-quarter results that missed analyst expectations as US revenue fell 34% compared to the prior quarter. The weak results dragged down rival SolarEdge Technologies Inc. and home solar providers Sunrun Inc. and Sunnova Energy International Inc. The company's earnings often are seen as a bellwether for the broader industry. Article content Article content Investors have been looking for signs of a recovery in the home solar market that has been hurt by higher interest rates that make it more expensive for people to buy panels. California, the biggest solar market and where Enphase is based, cut paym Show less Read more
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