2023 has been an ugly year for Enphase (NASDAQ: ENPH), which just announced big cost cuts and a 25% reduction in manufacturing capacity. In this video, Motley Fool contributors Jason Hall and Tyler Crowe take a closer look at a struggling solar industry and Enphase’s steps to cut costs.

*Stock prices used were from the morning of Dec. 19, 2023. The video was published on Dec. 23, 2023.

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Jason Hall has no position in any of the stocks mentioned. Tyler Crowe has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Enphase Energy. The Motley Fool has a disclosure policy. Jason Hall 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.

Enphase 50% Stock Crash: Can It Be a Big 2024 Winner After an Ugly 2023? was originally published by The Motley Fool