Enphase Energy Inc (NASDAQ: ENPH) shares are trading lower by 21.7% to $98.08 over the trailing five sessions. Shares of solar-related stocks are volatile in recent sessions in sympathy with SolarEdge Technologies Inc (NASDAQ: SEDG), which recently issued weak preliminary third-quarter outlook. The company also lowered its non-GAAP gross margin guidance.
What Happened With SEDG?
The company revised its third-quarter revenue forecast from $880-920 million to $720-730 million, falling short of the consensus estimate of $909.02 million. Additionally, they ...