How Risky Is Enphase Energy's Stock?
Earlier this year, solar energy technology company Enphase Energy (NASDAQ: ENPH) was a favorite with momentum investors. After the company announced its 2019 fourth-quarter earnings on Feb. 18, shares jumped 43%, capping a three-month increase of over 200%.
Now, however, with the bear market initiated by the COVID-19 pandemic, the stock has lost more than half its value from those recent highs. Price moves of that magnitude significantly change the risk level of any investment. But a look at the business itself should be the basis for the decision of whether to invest.
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Source Fool.com
