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SEDG - Why Solar Power Stocks Are Crashing Again Friday
SolarEdge Technologies Inc.
Another day, another big sell-off on the Nasdaq. Yesterday, shares of merging solar panel installers Vivint Solar(NYSE: VSLR) and Sunrun(NASDAQ: RUN) led the market lower, followed by similar sell-offs at solar inverter makers Enphase Energy(NASDAQ: ENPH) and SolarEdge.
Now, the good news is that so far, SolarEdge is down "only" about 4.3% as of 11 a.m. EDT. But the bad news is that everyone else is doing much worse than that: Enphase is down 8.2%; Vivint and Sunrun are down 11.2% apiece.
"Anybody want to buy a solar stock? Anyone? Anyone?" Image source: Getty Images.