Overdue Thursday, Enphase, which makes photo voltaic inverters and batteries, projected earnings for the present quarter that fell neatly under analyst forecasts. The California- based totally corporate mentioned the slowdown in solar-product gross sales would remaining into early subsequent 12 months. In contemporary marketplace motion, the inventory fell round 17%, echoing an afterhours selloff Thursday. The inventory not too long ago traded at underneath $80. It hit its lowest ranges in additional than 3 years. The inventory has dropped round 70% this 12 months. Stocks in friends similar to SunRun (RUN) and SolarEdge Applied sciences (SEDG) tumbled.
