Global solar stocks have plunged after warnings of a potential 30% market correction, extending sector losses as investors reevaluate growth forecasts. Rising panel prices and project delays have triggered broad profit-taking across solar manufacturers and equipment suppliers.

Enphase Energy shares declined alongside peers, slipping several percent this week as the company faces the same headwinds of slowing installations and cost pressures. Investors are watching Enphase’s inverter sales and margin outlook for signs of resilience amid the downturn.

Analysts caution that if demand remains soft and inventory builds continue, solar equities could surrender another 10%–20% of value. Key catalysts for a rebound include policy support extensions, price relief in photovoltaic components, and an acceleration in new project deployments.