Why Enphase Rallied 27% in November
Shares of solar inverter manufacturer Enphase Energy (NASDAQ: ENPH) rallied 26.9% in November, according to data from S&P Global Market Intelligence.
Of course, November's gains may be cold comfort to Enphase investors who have owned the stock since the beginning of the year. Even after November's big gains, the stock is down nearly 60% for 2023.
With the benefit of a lower valuation, Enphase was able to regain some ground in November as inflation came down, and as its CEO purchased a significant number of shares on the open market.
Source Fool.com
