ENPH - What caused it to spike to $336 and what caused it to drop to now $136?

Enphase started at $30 rolling into 2020 and by December 2022, it was at $336. Months later, it's down to $136.

As a beginner, can someone who follows this stock explain how this happened? Also, does it make this stock a must buy at the moment at its current price if you believe in long term green energy. If not, do you have any other recommendations for long term green energy?

Also looking for a suggestion for a beginner; most of my portfolio is invested in an ETF. But I also have a couple of stocks that I own $1000 worth of (I know, not a lot) such as GOOGL and MSFT. If I was looking to play a long term, high risk, high reward game and I could only choose between say MSFT or GOOGL and ENPH, is it better to own $1000 worth of ENPH instead of MSFT/GOOGL if I was aiming for long term high risk, high reward?

submitted by /u/DrGonzoRonSlater
[link] [comments] https://www.reddit.com/r/stocks/comments/15kn7al/enph_what_caused_it_to_spike_to_336_and_what/
Created 1y | Aug 7, 2023, 7:40:15 PM


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