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Why Enphase Energy Stock Soared Today


Shares of solar energy technology company Enphase Energy (NASDAQ: ENPH) are soaring today. Enphase stock had been on a gradual, but steady descent over the past three years, dropping 77% in that time. But an encouraging earnings report and strong guidance have investors seemingly calling a bottom in the stock.

Shares rocketed as much as 42% this morning, and remained up by 37% as of 11:30 a.m. ET.

Image source: Getty Images.

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Source Fool.com

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