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Enphase Stock Plunges as Guidance Points to More Trouble for Solar Power - Barron's

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Enphase Stock Plunges as Guidance Points to More Trouble for Solar Power - Barrons

Enphase Stock Plunges as Guidance Points to More Trouble for Solar Power

Oct 26, 2023, 5:54 pm EDT

Enphase Energy projected that the current slowdown in solar-product sales would last through the first quarter of 2024, sending the stock down 17% in aftermarket trading.

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Related Knowledge Center: ENERGY BASICS: solar

State of Play

Declining costs and government encouragement have resulted in a rapid increase in solar energy production in the United States over the past 10 years, although solar’s share remains small: 1.6 percent of all electricity generation in 2018. That rapid growth is projected to continue.

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