Solar companies SolarEdge and Sunrun experienced a significant drop in premarket trading due to reduced guidance and weak demand, signaling challenges for the renewable energy sector.
US domestic solar company SunPower has lowed its FY2023 guidance due to reduced consumer demand, delayed revenue recognition from longer cycle times, and a net loss of more than US$30 million in the third quarter this year.
SunPower Reports Preliminary Third Quarter 2023 Results streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.