Solar industry crimped by supply chain and logistical challenges
Supply chain headaches for everything from glass to shipping capacity are pinching the solar industry. SolarEdge Technologies Inc. tumbled as much as 16%, the most in almost four months, after warning that margins will shrink slightly in coming months amid logistics-related cost pressures.
The solar industry is facing a constellation of issues this year including higher prices for steel and aluminum, as well as elevated freight costs. SolarEdge’s disclosure came a week after rival solar-parts maker Enphase Energy Inc. said there’s no sign the worldwide shortage of semiconductor components will abate any time soon.
