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Another dire warning for solar stocks. Are these stocks a buy now?
In this video, I will explain why Enphase Energy (ENPH 3.80%) and SolarEdge crashed on Friday after SolarEdge released its preliminary financial results for the third quarter. Both stocks are down over 60% this year. Could this be an opportunity, or are investors about to catch falling knives?
*Stock prices used were from the trading day of Oct. 19, 2023. The video was published on Oct. 20, 2023.
Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Enphase Energy. The Motley Fool recommends SolarEdge Technologies. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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