Quick Note: Barron’s thinks this beaten-down solar stock could jump 80%. We agree. It made our top 10 growth stocks list for this month, and in the quarters and years ahead, we believe the shares will be trading dramatically higher. You can read our previous full report on the business here.
For a little color, the shares are down for a few reasons, but mainly because higher interest rates and a soft economy are slowing growth. We believe this is temporary, and the long-term secular trend is fully intact. We are long Enphase in our Disciplined Growth Portfolio.