Advertisement
Australia markets open in 8 hours 51 minutes
  • ALL ORDS

    8,002.80
    -20.10 (-0.25%)
     
  • AUD/USD

    0.6654
    +0.0002 (+0.03%)
     
  • ASX 200

    7,759.60
    -23.40 (-0.30%)
     
  • OIL

    81.72
    +0.82 (+1.01%)
     
  • GOLD

    2,339.50
    +26.30 (+1.14%)
     
  • Bitcoin AUD

    92,768.63
    +180.75 (+0.20%)
     
  • CMC Crypto 200

    1,286.55
    +20.41 (+1.61%)
     

Weak Europe Solar Market Prompts Target Cuts on SolarEdge, Enphase

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.