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Enphase Energy (NASDAQ: ENPH) had another bad quarter in the first quarter of 2024, but the company is starting to see some improvements in the market. Demand won't pick up quickly, but long-term investors may finally see some opportunity in the stock. Travis Hoium breaks it down in this video.

*Stock prices used were end-of-day prices of April 25, 2024. The video was published on April 26, 2024.

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Travis Hoium has positions in SunPower. The Motley Fool has positions in and recommends Enphase Energy. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.