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Demand Drop

All articles tagged with #demand drop

business2 years ago

Enphase's Warning Sends Solar Stocks Plummeting

Solar stocks experienced a decline after Enphase Energy reported a 13% decrease in revenue and warned of a substantial drop in demand for the rest of the year. The company estimated fourth-quarter sales to fall well short of analysts' expectations, primarily due to reduced demand in Europe and the falling U.S. market, particularly in California. This warning had a negative impact on the solar industry as a whole, with the Invesco Solar ETF falling 4.5%. Enphase shares have fallen approximately 65% this year, reflecting the challenges faced by the solar market, including rising interest rates, concerns about the broader economy, and changes in net-metering policies. However, Enphase remains optimistic about the long-term prospects of the business, citing government incentives and the growing adoption of electric vehicles.

legal-industry2 years ago

Law Firm Productivity Plummets, Posing Financial Challenges

A survey conducted by Wells Fargo's Legal Specialty Group reveals that while headcount in the legal sector has increased, attorney productivity has reached a historic low. The survey, which includes 130 firms, shows a 3.9% increase in lawyer headcount but a 4.1% decline in productivity. Despite the drop in demand, most firms are choosing to wait it out rather than resorting to layoffs or associate deferrals. The survey also found a decrease in billable hours per lawyer, with an annualized pace of just 1,538 hours compared to last year's high of 1,688 hours. However, firms have seen a 4.4% increase in revenue, largely due to higher billing rates.