Why Enphase Energy Rallied 30.8% in December
Shares of solar microinverter company Enphase Energy (NASDAQ: ENPH) rallied 30.8% in December, according to data from S&P Global Market Intelligence.
The stunning rally nicely dovetailed on Enphase's 27% rally in November, making for quite an impressive fourth quarter, indeed.
December's inflation readings showed inflation continuing to come down, leading to a rally in interest rate-sensitive stocks. In addition, there were also a couple of company-specific news items that helped propel Enphase to another outstanding month.
Source Fool.com
