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Up 50% in a Month! Is Enphase Stock Still a Buy?

TheMotleyFool

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Up 50% in a Month! Is Enphase Stock Still a Buy?: https://g.foolcdn.com/editorial/images/758561/solar-panel-renewable-energy-sustainability.jpg

In this video, I will talk about Enphase (NASDAQ: ENPH), which has seen its stock go up 54% since the company reported its third-quarter earnings. I'll explain why that happened and why investors should exercise patience as we go into 2024, when we might see some rate cuts. I'll also take a look at Enphase stock from a technical analysis standpoint.

*Stock prices used were from the trading day of Dec. 15, 2023. The video was published on Dec. 17, 2023.

Source Fool.com

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