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 such as Enphase saddled with too much inventory.
Kothandaraman said rising utility rates combined with falling interest rates should also provide tailwinds this year.
"Make no mistake, utility rates are going up," Kothandaraman told CNBC in an interview.
"The interest rates are not going to be staying the same.
Persons:
Badri Kothandaraman, Kothandaraman
Organizations:
Enphase Energy, CNBC