Solar energy sector eclipsed by 3rd warning, but study says future is bright

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Solar energy sector eclipsed by 3rd warning, but study says future is bright
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But a study is bullish on the industry's future.

The Boss had a hit back in 2010 when he sang about working with the rain falling down, and some solar energy companies are feeling the same way.

Later on, the Greeks and Romans were known to harness solar power with mirrors to light torches for religious ceremonies. “We attribute these cancellations and pushouts to higher than expected inventory in the channels and slower than expected installation rates.” Third quarter revenue is now expected to be in the range of $720 million to $730 million, compared with the previous expectation of $880 million to $920 million.Although the company is based in Israel, Lando said the adjusted forecast was unrelated to the Israel-Hamas war.

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