Sun. Jul 14th, 2024

Class action filed against Enphase Energy, Inc. (ENPH) –

By Vaseline May31,2024

NEW YORK, May 31, 2024 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP informs investors in Enphase Energy, Inc. (“Enphase” or the “Company”) (NASDAQ: ENPH) of a securities class action lawsuit.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Enphase investors who were adversely affected by alleged securities fraud between February 7, 2023 and April 25, 2023. For more information and to be contacted by a member of our team, follow the link below:

Enphase Lawsuit Submission Form

ENPH investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by phone at (212) 363-7500.

CASE DETAILS: According to the complaint, Enphase issued a press release on April 25, 2023 announcing first quarter earnings. Relevantly, Defendants announced that revenues in the United States had declined by approximately 9%, which was due to macroeconomic conditions. Additionally, defendants provided weak second-quarter guidance for 2023, estimating revenues between $700 million and $750 million. Following this news, the price of Enphase’s common stock fell dramatically. From a closing price of $220.60 per share on April 25, 2023, Enphase’s stock price fell to $163.83 per share on April 26, 2023, a drop of nearly 26% in just one day.

WHAT’S NEXT? If you suffered a loss in Enphase during the relevant period, you have up to July 29, 2024 to request the court to appoint you as lead plaintiff. Your ability to share in any recovery does not require you to serve as lead plaintiff.

NO COST TO YOU: If you are a member of a class, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There are no costs or obligations associated with participation.

WHY LEVI & KORSINSKY: Over the past two decades, the Levi & Korsinsky team has secured hundreds of millions of dollars for injured shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise in representing investors in complex securities litigation and has a team of more than 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has been ranked in the ISS Securities Class Action Services Top 50 Report as one of the top securities law firms in the United States.

Levi & Korsinski, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th floor
New York, NY 10004
[email protected]
Phone: (212) 363-7500
Fax: (212) 363-7171

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