Enphase Energy: Buy the Dip?

Enphase Energy: Buy the Dip?
Enphase Energy: Buy the Dip?
Daniel Foelber, The Motley Fool

On Wednesday, red hot Enphase Energy (NASDAQ: ENPH) dropped over 12% as part of a broader sell-off in solar stocks. Let's determine if Wednesday's sell-off was just a bump in the road for Enphase or if the stock is overvalued. After all, it was only a few years ago, in the spring of 2017, when Enphase traded below $1 a share.