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Barchart
Barchart
Aditya Raghunath

Should You Buy the Worst-Performing Nasdaq-100 Stock of 2023?

Enphase ENPH Enphase Energy

While the broader Nasdaq-100 Index ($IUXX) has surged nearly 34% in 2023, shares of Enphase Energy (ENPH) are down over 56% year-to-date - making it the worst-performing stock on the index. Valued at a market cap of $15.8 billion, Enphase Energy is also trading 66% below its all-time highs. 

Despite the significant pullback, ENPH has returned a staggering 1,500% since its initial public offering (IPO) in March 2012. 

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