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Why Enphase Energy Stock Plunged Today

TheMotleyFool

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Shares of Enphase Energy (NASDAQ: ENPH) fell as much as 16.8% in trading Wednesday after a short-seller's report was released. As of 11:45 a.m. EDT, the stock was down 12.8%.

A report from Prescience Point Capital Management accused Enphase Energy of a host of things, including revenue growth being a "sham" and producing "fabricated" revenue. These are explosive allegations and, for today, investors are taking them seriously.

Image source: Getty Images.

Source Fool.com

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