Investors are always looking for multibagger opportunities that can potentially change their fortunes. However, it is extremely difficult to spot such opportunities, except in the rearview mirror. Prudent investing involves finding opportunities that you genuinely believe in and understand and then staying invested in them for the long term.
One growth stock that has generated eye-popping returns for its investors is Enphase Energy (NASDAQ: ENPH) . More importantly, the company looks strongly positioned to grow in the years to come. Let's see how much you would have today had you invested $10,000 in the stock five years ago.
In July 2016, Enphase Energy stock was trading at $1.82 per share. If you had invested $10,000 in the stock at that time, your investment would be worth $908,130 today. What's more, if you had a crystal ball, you could have bought it at its lowest closing price of $0.70 on May 18, 2017. An amount of $10,000 invested at that time would be worth $2.4 million today.
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If You Invested $10,000 in Enphase Energy In 2016, This Is How Much You Would Have Today