Why Enphase Energy Stock Just Slipped 6.6%
Shares of solar energy microinverter maker Enphase Energy (NASDAQ: ENPH) tumbled more than 10% in early trading Thursday before climbing back to about a 6.6% loss as of 1:45 p.m. EDT. The stock's slide followed a report Wednesday that investor research firm Institutional Shareholder Services EVA had downgraded Enphase rival SolarEdge Technologies (NASDAQ: SEDG) from buy to overweight.
Image source: Getty Images.
Does selling one stock because another got downgraded make sense, though?
Source Fool.com
