Shares of Enphase Energy (ENPH 3.80%) have plunged 58% from their 52-week high, and investors are questioning how bad the next few quarters are going to get. But take a step back, and the residential solar industry is still growing. And long term, this is a company with a valuable position.
In this video, Travis Hoium makes the case for Enphase Energy and why it could have a huge recovery in 2024.
*Stock prices used were end-of-day prices of Jan. 12, 2023. The video was published on Jan. 13, 2024.
