
Enphase Energy Inc. ($ENPH) has seen a significant rebound in its stock price, climbing from the low $60s to over $72. This increase has been noted by various traders, who see potential for further gains, particularly in light of the upcoming January Effect, a market phenomenon where stocks often experience a boost. Investors have pointed to the stock's recovery as a positive sign for the renewable energy sector, which has faced challenges in recent months. Additionally, traders have mentioned successful swing trades involving both Enphase and SolarEdge Technologies ($SEDG), indicating a broader interest in solar energy stocks.