SHLS - Solar stocks slide after NextEra cites tariff probe in project delays

Enphase Energy (NASDAQ:ENPH) and SolarEdge Technologies (SEDG) are two of the five biggest decliners on the S&P 500 Thursday, -12.3% and -9.6% respectively, as solar stocks fall broadly following NextEra Energy's (NEE) disclosure that the U.S. government's probe into solar panel imports will delay the company's solar and storage projects by at least a year. Solar names trade sharply lower across the board: (SHLS) -14.5%, (ARRY) -11.9%, (SPWR) -9.6%, (DQ) -9.3%, (MAXN) -9.1%, (JKS) -8.6%, (CSIQ) -6.7%,(FSLR) -3.1%. ETF: (TAN) Three-quarters of solar companies say deliveries have been affected since the U.S. Commerce Department announced its investigation last month, according to the Solar Energy Industries Association trade group. Also, FTC Solar (FTCI) -7.6% as Piper Sandler downgrades shares to Underweight from Neutral with a $3 price target, cut from $4, seeing "an above average probability that FTCI cuts guidance as the company's initial outlook incorporated a soft-landing on AD/CVD. Bookings had

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Solar stocks slide after NextEra cites tariff probe in project delays