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Enphase Energy: Buy the Dip?

TheMotleyFool

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On Wednesday, red hot Enphase Energy (NASDAQ: ENPH) dropped over 12% as part of a broader sell-off in solar stocks. Even with the sell-off, Enphase has been one of the best-performing stocks on the market this year, increasing by nearly 300% year to date and 2,000% over the past two years.

Let's determine if Wednesday's sell-off was just a bump in the road for Enphase or if the stock is overvalued.

Image source: Getty Images.

Source Fool.com

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