Downbeat news from SolarEdge (SEDG) weighed on solar-energy shares Moඣnday, with stocks falling across the sector. 

FirstSolar (FSLR) stock, which had 澳洲幸运5官方开奖结果体彩网:jumped in May amid enthusiasm for the sector’s prospects to provide the energy needed to power developments in 澳洲幸运5官方开奖结果体彩网:artificial intelligence, fell 8.5% and was among the S&P 500’s biggest losers on the day. Itsও latest quart🌌erly financial results are expected July 30. 

Enphase Energy (ENPH) dropped more than 5%, while SunRun (RUN) tumbled 9%. The Invesco Solar Exchange-Traded Fund (TAN) fell nearly 6%. 

SolarEdge, which澳洲幸运5官方开奖结果体彩网: warned of excess inventory and cut its staff, fell 15%.ဣ Its CEO said in a regulator filing cited a “curr♋ent downturn in the solar industry,” highlighting particular weakness in Europe but more encouraging signs in North America. 

The pullback in solar shares came as the S&P 500’s energy sector rose, lifted by shares of oil companies such as Chevron (CVX) and ExxonMobil (XOM).