What happened Shining brightly to start the week, shares of Enphase Energy (NASDAQ: ENPH) rose nearly 4% yesterday. Today, however, the solar stock is headed in the other direction. While the S&P 500 and Dow Jones Industrial Average have fallen about 1.4% and 1%, respectively, shares of Enphase Energy are down 7.4% as of 1:50 p.m. ET. Investors are clicking the sell button today after learning that the company's president and CEO, Badri Kothandaraman, sold shares himself. So what According to the regulatory filing made public yesterday, Badri Kothandaraman sold 38,650 shares of Enphase Energy on June 23 in a transaction valued at about $7.3 million. Although Kothandaraman's position in Enphase is smaller, he still retains a sizable position in the company, holding about 1.06 million shares. Growth investors, such as those who have positions in Enphase Energy, are likely on edge as it is with the recent market downturn. Seeing a key figure in the C-suite winnow his position, however, may seem like a glaring signal that there are significant challenges facing the company, and they may also recognize it as a harbinger of a steeper decline in the stock price. Now what It's unsurprising that the market is reacting the way it is today. However, it's critical for investors to remain steadfast in their convictions. If they're bullish on Enphase's stock for the long term -- and there are plenty of reasons to believe that they should be -- there's no reason to sell shares today. Rather, investors can recognize the recent dip as a buying opportunity. 10 stocks we like better than Enphase Energy, Inc.When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now… and Enphase Energy, Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 2, 2022 Scott Levine has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source