When it comes to tech stocks, the names topping the performance list this year might surprise you. Companies involved in apps and solar energy have been heating up portfolios the most. Specifically, Digital Turbine (NASDAQ: APPS), Enphase Energy (NASDAQ: ENPH), and Daqo New Energy Corp (NYSE: DQ) have supercharged portfolios the most so far in 2020. Still, these tech names experienced this growth for different reasons. Let’s take a closer look at each stock to see whether that growth can continue.
Digital Turbine is a platform that helps app developers and manufacturers of wireless devices. It can help businesses create and lay out media content. The company can also promote and help companies get their apps installed on devices.
So far, more than 40 mobile operators and OEMs have adopted the platform. Over 3 billion app preloads have delivered tens of thousands of ad campaigns.