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