"Get there early to ensure you catch the sunrise" on Enphase Energy , said Seaport Research Partners. Enphase shares have tumbled more than 53% in 2023 amid a difficult year for the residential solar energy market in the U.S. California, which is the largest market for U.S. residential solar installers, also instituted a policy change that reduced a subsidy for solar panel owners for sending excess power into the grid — further impacting demand. However, Curran thinks the U.S. residential market could show an "incipient recovery" by the end of the second quarter next year. "By next June, we believe three positive factors will converge to form a rebound in U.S. home rooftop solar demand," said Curran.

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Persons: Tom Curran, Curran, Enphase, ENPH, — CNBC's Michael Bloom Organizations: Enphase Energy, Seaport Research Partners, U.S, 2H24 Locations: California, U.S, Europe, France, Benelux, Germany