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Jim Cramer sees a bottom for Enphase Energy, says it's not too late to buy

·1 min

CNBC’s Jim Cramer has advised investors to consider buying Enphase stock, despite the company reporting a poor quarter. He believes that Enphase’s management outlook indicates the company has reached a low point and will experience a rebound during the year. Enphase, which saw a significant increase in its stock price this week, has faced challenges due to the Federal Reserve’s interest rate hikes impacting sales and resulting in excess inventory. However, Cramer suggests that Enphase may be a good opportunity for investors who anticipate a decline in interest rates.