According to the Futu Smart Analysis app, Enphase Energy (ENPH.US) and SolarEdge Technologies (SEDG.US), solar energy companies, continue to fall after JPMorgan warned of uncertainty in the European residential market.

JPMorgan analyst Mark Strouse said that solar demand in Europe "remains stagnant due to high channel inventory, low electrical utilities prices, and recent uncertainty related to elections and policy changes." JPMorgan lowered Enphase's target price from $128 to $124 and SolarEdge's from $73 to $59. The latter's target price was lowered more significantly as its business in Europe is relatively larger.

German solar module supplier SMA Solar Technology's stock price on the Frankfurt market plummeted by 31% on Wednesday as the company significantly lowered its full-year profit expectations due to lower-than-expected demand for rooftop solar in Europe.

As of Thursday's close, Enphase fell 8.77% to $108.57 and SolarEdge fell 7.45% to $34.31 on the American stock market.