Here's Why Shares of Enphase Energy Jumped More Than 24% in May
Soaring more than 79% through the first four months of 2020, shares of Enphase Energy (NASDAQ: ENPH) have been a bright spot in investors' portfolios during a time when clouds have hung on many other stocks. During the same period, for example, the S&P 500 had plunged 10%. And Enphase distinguished itself even more so in May -- a month in which the stock rose 24.3%, according to data from S&P Global Market Intelligence, while the S&P 500 climbed 4.5%.
Besides a strong earnings report, investors rejoiced at the company's sunny outlook for the second quarter. In addition, several votes of confidence from Wall Street motivated investors even more through the month.
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Source Fool.com
