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24.06.2019 23:05:00

Enphase Energy: Buy at the High?

Shares of Enphase Energy (NASDAQ: ENPH) have nearly quadrupled through the first six months of 2019. On one hand, the business has earned a higher valuation by cementing profitable operations and positioning itself for rapid growth in the near future. On the other hand, a six-month return of nearly 300% sure raises some eyebrows when visualized with a chart.The solar hardware provider is clearly doing some things right, but investors might be wondering if Wall Street has priced a little too much future growth into shares at the moment. If so, then starting or adding to a position could leave investors regretting their money moves. Is Enphase Energy stock a buy at an all-time high?Image source: Getty Images.Continue reading
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