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Episode 92: ENPH Stock (Enphase Energy) Ready to Rocket Higher In 2024?
Enphase Energy (ENPH) had a not so sunny company earnings report for Q4 2023, and the bad news is it's only going to get worse in Q1. Enphase has had a significant decrease in revenue and free cash flow in recent quarters. The transition from NEM 2.0 to NEM 3.0 in California seems to have had an outsized impact on the solar inverter and battery energy storage business, as has a higher interest rate environment. However, there are some positives. Enphase management thinks early 2024 could be the bottom for this downturn. It’s also making a solid go expanding into new markets, and is…
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