Why Shares of Enphase Energy Soared 28% in June
Sinking 18% through the first five months of 2021, shares of Enphase Energy (NASDAQ: ENPH) hardly seemed to be warming investors' hearts -- especially considering the S&P 500 had risen about 12% during the same period.
However, the clouds lifted in June, and Enphase's stock skyrocketed 28%, according to data from S&P Global Market Intelligence. Besides Wall Street espousing a favorable outlook on the stock, Enphase's foray into a new market contributed to the shares shining brightly in investors' eyes.
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Source Fool.com
