In this video, I will talk about Enphase (ENPH 3.80%), which has seen its stock go up 54% since the company reported its third-quarter earnings. I'll explain why that happened and why investors should exercise patience as we go into 2024, when we might see some rate cuts. I'll also take a look at Enphase stock from a technical analysis standpoint.

*Stock prices used were from the trading day of Dec. 15, 2023. The video was published on Dec. 17, 2023.