These 10 Stocks Defied Tuesday’s Bloodbath

8. Enphase Energy Inc. (NASDAQ:ENPH)

Enphase snapped a five-day losing streak on Tuesday after hitting a new all-time low, jumping 9.44 percent to close at $57.86 as investors resorted to bargain-hunting to take advantage of cheap valuation.

At intra-day trading, ENPH dropped to its lowest price of $51.63 apiece before investors turned buyers towards the close.

Over the past year, the company noticeably was tracking a downward trajectory, with year-to-date price alone recording a 15.75-percent drop.

Further aggravating the sour sentiment was President Donald Trump’s lukewarm reception of the renewable energy sector, which could dampen demand for the said resources.

According to Trump, the net-zero goal has pushed up prices of energy for both consumers and businesses.

In the fourth quarter of the year, ENPH saw net income triple to $62.16 million from $20.20 million in the same period a year earlier, while revenues rose by 26 percent to $382.7 million from $302.57 million.

However, full-year net income fell by a whopping 76.6 percent to $102.6 million from $438.9 million in 2023, while revenues declined by 42 percent to $1.33 billion from $2.29 billion year-on-year.