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Here's Why Solar Hardware Stocks Are Down

TheMotleyFool

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Here's Why Solar Hardware Stocks Are Down

Major solar stocks were down by double-digits today. That's not necessarily news considering the rest of the market is down by a significant margin as investors continue to adapt to the economic realities of the coronavirus pandemic. But there are some industry-specific concerns for investors to consider.

Shares of Enphase Energy (NASDAQ: ENPH) and SolarEdge Technologies (NASDAQ: SEDG) were down as much as 27.9% and 19.4%, respectively. Both growth stocks recovered sharply to mid single-digit losses after market open, but solar panel manufacturers weren't so lucky. Shares of JinkoSolar (NYSE: JKS) were down over 20% and were near daily lows as of 12:44 p.m. EDT.

Image source: Getty Images.

Source Fool.com

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