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Good News for Enphase Stock Investors

Enphase stock is down 50% so far this year. Is it time to buy?

By Neil Rozenbaum – Oct 13, 2023 at 10:15AM EST

In this video, I will talk about Enphase (ENPH +0.56%), the recent downgrade the stock got from a Bank of America analyst, some announcements the company made, and why I believe the stock might have reached a bottom based on technical analysis.

*Stock prices used were from the trading day of Oct. 12, 2023. The video was published on Oct. 13, 2023.

Read Next

Bank of America is an advertising partner of The Ascent, a Motley Fool company. Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bank of America and Enphase Energy. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

Stocks Mentioned

Enphase Energy Stock Quote
Enphase Energy
NASDAQ: ENPH
$32.25
(+0.77%)+$0.25
Bank of America Stock Quote
Bank of America
NYSE: BAC
$54.31
(+1.79%)+$0.96

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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