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Enphase Energy and SunPower: Solar stocks sliding

Julie Hyman and Josh Lipton

Shares of solar tech maker Enphase Energy (ENPH) are moving lower Wednesday after the company posted its first-quarter report, with its earnings of $0.35 per share missing expectations of $0.42. Despite the miss, the company claims that the worst is behind it and the demand for solar rooftops will bounce back.

Similarly, SunPower's stock (SPWR) is also moving lower as the company announces layoffs, reducing efforts into residential direct sales.

Yahoo Finance Anchors Josh Lipton and Julie Hyman break down the latest developments for these solar companies and what it could mean for them moving forward.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination.

This post was written by Nicholas Jacobino