Why Enphase Energy Stock Just Popped 19%
Shares of solar microinverter maker Enphase Energy (NASDAQ: ENPH) collapsed a stunning 26% on Wednesday after short-seller Prescience Point Capital Management published a report accusing the company of fabricating revenue numbers and being, in essence, a sham of a growth story.
But on Thursday, Enphase's defenders on Wall Street are shouting back with a vengeance, and the stock, down so much on Wednesday, is turning around and rising 18.1% in response as of 10:45 a.m. EDT today.
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Source Fool.com
