Solaray Director Jonathan Fisk strikes a photo voltaic panel on the solar energy set up firm’s Sydney facility.
Jason Reed | Reuters
Shares of Enphase Power dropped greater than 14% on Wednesday after the corporate warned concerning the ongoing impacts of the chip scarcity.
The corporate — which makes microinverters for photo voltaic techniques — reported on Tuesday first-quarter earnings and income that beat analyst estimates. Enphase additionally posted report gross sales numbers. However weak second-quarter steering despatched the inventory tumbling.
Enphase expects gross sales to come back in between $300 million and $320 million throughout the second quarter, in