Solar ETFs Dim After SolarEdge Technologies Q2 Earnings Disappoints
August 03, 2022 at 17:52 PM EDT
SolarEdge Technologies Inc. (NasdaqGS: SEDG) shares plummeted Wednesday, dragging down solar sector-related exchange traded funds, after quarterly earnings results disappointed market expectations. On Wednesday, the Invesco Solar ETF (TAN) declined by 2.9% and the Global X Solar ETF (RAYS) decreased by 4.5%. Meanwhile, SolarEdge shares plunged 19.1% on Wednesday. SEDG makes up 10.0% of TAN’s [...] The post Solar ETFs Dim After SolarEdge Technologies Q2 Earnings Disappoints appeared first on ETF Trends .
