We recently published a list of Tuesday’s 10 Worst-Performing Stocks. In this article, we are going to take a look at where Enphase Energy Inc. (NASDAQ:ENPH) stands against other Tuesday’s worst-performing stocks.

Wall Street’s main indices suffered a bloodbath on Tuesday, recording steep losses amid the looming deadline for President Donald Trump’s new round of tariffs for China that would see the latter slapped with a cumulative 104-percent import tax.

The tech-heavy Nasdaq registered the heaviest fall, down by 2.15 percent, followed by the S&P 500’s 1.57 percent decline, and the Dow Jones’ 0.84-percent drop.

Ten companies mirrored the broader decline, recording hefty losses during the day. In this article, we listed the 10 worst-performing names and detailed the reasons behind their drop.

To come up with the list, we considered only the stocks with $2 billion market capitalization and $5 million in trading volume.

A solar panel array stretched across a large open field, its glimmering panels reflecting the sun.

Enphase Energy Inc. (NASDAQ:ENPH)

Enphase Energy declined for a fourth straight day on Tuesday, shedding 11.19 percent to finish at $49.52 apiece as investors sold off stock positions amid the broader market pessimism and the lack of fresh catalysts to spark buying appetite.

In last Wednesday’s episode of the Mad Money show, a caller asked host and former hedge fund manager Jim Cramer what he thought about ENPH stocks and if he should wait for a catalyst or instead sell it and buy Capital One.

In response, Cramer said: “Sell out and buy Capital One. There will be no good news in Enphase because you know why? It’s not a company that the president wants to see do well. It means nothing to him.”

In February this year, Cramer said that the residential solar stocks soared from 2020 to 2022 before demand lowered in 2023.

“It turned out that people can’t really afford residential solar systems without borrowing money. Meaning, the whole industry was actually built not on solar but on financing. And once people realized long-term interest rates would remain elevated for quite some time, the residential solar stocks, all got crushed. It’s not a coincidence, something like Enphase was roaring in 2020 and 2021 when people could borrow money for next to nothing,” he noted.

Overall, ENPH ranks 9th on our list of Tuesday’s worst-performing stocks. While we acknowledge the potential of ENPH as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than ENPH but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.