Hi @buynholdisdead,
My belief for this is interest rates.
With high borrowing rates, people are less likely to add solar since the pay-off period based on investment vs electricity cost savings is longer.
ENPH has been dropping heavily again with the “gaming” of how many rate cuts this year and how many total basis points will be removed this year.
With the transport problems through the Red Sea have escalated, oil prices have been rising, adding to our inflation rate again, so maybe fewer rate reductions.
Higher for Longer, again …
Does that help you?
Gene
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