Weak Europe Solar Market Prompts Target Cuts on SolarEdge, Enphase
A weak market for residential solar in Europe prompts JP Morgan to trim price targets on two players in the space: SolarEdge Technologies and Enphase Energy. "Europe resi solar demand remains moribund owing to still elevated channel inventories, low power pricing and near-term uncertainty related to elections and policy changes," analysts at the firm said in a research note.