Enphase CEO says solar industry poised to rebound on falling interest rates and rising utility costs

Enphase Energy sees light at the end of the tunnel this year for the solar market after the industry has taken a beating from high interest rates.High rates have depressed demand for residential solar installations in 2023, leaving companies like Enphase saddled with too much inventory. Enphase manufactures inverters that convert solar energy into electricity that is compatible with the grid.CEO Badri Kothandaraman is forecasting that company will see a bottom in the first quarter this year and then start t ...