Shares of mid-sized US banks and solar stocks tumbled after downbeat interest income forecasts. Fifth Third, Regions Financial, and other mid-sized banks warned of further declines in net interest income due to higher rates. SolarEdge, a leading company in the rooftop solar industry, reported lower-than-expected third-quarter revenue and warned of slowing installations. Deutsche Bank downgraded three solar stocks as industry demand weakened in the US and Europe. Analysts also bailed on solar stocks after SolarEdge's warning of weak earnings. The industry's poor performance has heightened investor concerns.
SolarEdge raised the alarm for the rooftop solar industry when it unexpectedly reported that its third-quarter revenue will be well below its previous guidance and warned of slowing installations https://t.co/PnE1m9IYQi
Analysts bail on solar stocks after SolarEdge warning of weak earnings https://t.co/PGonc7ueix
Regions Financial slumped as much as 16% after warning it expects further declines in net interest income as higher rates continue to take a toll on the bank https://t.co/liSfleCDYh
Mid-sized US banks' shares slump after downbeat interest income forecasts https://t.co/I3bIQwz0eD https://t.co/nrkA1H7xrK
Regional bank shares slump as lenders warn of more pain from higher interest rates https://t.co/dXCtudUjyh
〽️ Mid-sized US banks' shares slump after downbeat interest income forecasts Full Story → https://t.co/0PCEvXVgSD -Shares of mid-sized U.S. banks fell on Friday after a string of earnings reports heightened investor concerns that the boost from the Federal Reserve's rate… https://t.co/zSw93Xqzz5 https://t.co/r0qmkpxe3y
Regions Financial slumped as much as 16% after warning it expects further declines in net interest income as higher rates continue to take a toll on the bank https://t.co/MJSZ8iPEgQ
Solar stocks tumble to 3-year low as Solaredge drops 25% on demand warning https://t.co/jFl2aKSMfa
Deutsche Bank downgrades three solar stocks as industry demand weakens in the U.S. and Europe https://t.co/L6VeesDhRE
Fifth Third expects further interest income weakness after quarterly profit falls https://t.co/GB7B7SxgYb https://t.co/SqPaeBIQkZ