Buy Alert: High-Tech Energy Stock Spikes 140%

Energy stocks are tanking – with one notable exception…

This story was originally published here.

Energy stocks haven’t been so hot lately.

It was the S&P 500 Index’s worst-performing sector in 2018 and 2019. Now, this year’s oil crash threatens to add even more pain to the struggling industry.

However, one high-tech energy company is thriving amongst the chaos. It’s an energy storage pioneer, Enphase Energy Inc. (Nasdaq: ENPH).

After losing 58% of its value during the market crash, ENPH skyrocketed 140% in a matter of weeks.

ENPH Bottomed on March 18 … Then Took Off

After losing 58% of its value during the market crash, one energy stock skyrocketed 140% in a matter of weeks.

Ian King recommended the stock on February 21, noting that the solar power firm grew its year-over-year revenue by 97% in the fourth quarter of 2019.

I asked Ian about it this week, and he credits ENPH’s outperformance last year for its sudden comeback, explaining that “strong stocks going into the sell-off seem to be leading the market higher.”

Editor's Note: Click here to see what's next for Enphase.

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