Why Enphase Energy Shares Plunged 11% Thursday
Shares of microinverter maker Enphase Energy (NASDAQ: ENPH) were down as much as 10.9% in early trading today as the stock's nearly monthlong slide continues. As of 10:50 a.m. EDT, shares were still down 8% on the day, on trading volume that was already higher than the three-month average daily volume.
There are a few things going on today that are pushing the stock lower. The first is that oil is also down today, and that's driving solar stocks lower. Most large solar stocks aren't down over 10%, but Enphase is trading at a premium to most other companies, so that can lead to higher volatility.
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Source Fool.com
