2 Magnificent Growth Stocks Down 60%: This Is the Better Buy

By Jason Hall and Tyler Crowe – Oct 20, 2023 at 5:02AM

NASDAQ: ENPH

Enphase Energy

Market Cap

$15B

Today's Change

(3.80%) $4.10

Current Price

$111.93

Price as of April 26, 2024, 4:00 p.m. ET

They've both been huge winners over the long term. One looks a little better right now.

Both Enphase Energy (ENPH 3.80%) and SolarEdge (SEDG 2.81%) have been huge long-term winning investments. But more recently, they're down sharply off their highs. In this video, Motley Fool contributors Jason Hall and Tyler Crowe explain why both are likely to return to their winning ways, but one looks like the better buy today.

*Stock prices used were from the morning of Oct. 11, 2023. The video was published on Oct. 20, 2023.

Jason Hall has positions in SolarEdge Technologies. Tyler Crowe has positions in SolarEdge Technologies. The Motley Fool has positions in and recommends Enphase Energy. The Motley Fool recommends SolarEdge Technologies. The Motley Fool has a disclosure policy. Jason Hall is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.