What's Behind Enphase Energy Stock's Almost 40x Rise Since Late 2018?

This article was originally published on Nasdaq

Enphase Energy Inc. (NASDAQ: ENPH) stock price gained a staggering 40x from $4.73 at 2018 end to almost $190 currently, primarily due to favorable changes in its P/S multiple. Also, over this period, Enphase, a manufacturer of software-driven home energy solutions that spa