Why Tesla, Enphase Bulls Lifted the Nasdaq Thursday
Thursday wasn't a great day for the stock market, but once again, the Nasdaq Composite (NASDAQINDEX: ^IXIC) managed to hold up better than some other major market benchmarks. Gains of about a third of a percent were encouraging, and the Nasdaq 100 index similarly outperformed some broader stock indexes.
Tesla (NASDAQ: TSLA) has been a big part of the Nasdaq 100's success lately, and although it didn't make a big move today, some see the electric vehicle maker's stock heading far higher in the near future. Meanwhile, Enphase Energy (NASDAQ: ENPH) posted a big gain Thursday, bouncing back from an analyst attack on its business model as the solar micro-inverter specialist asserted its strength in the solar industry.
Image source: Enphase Energy.
Source Fool.com
