Enphase Energy, Inc.

Registration Deadline:

02/11/2025

Submit Your Information

A securities class action has been filed in the USDC — N.D.CA. against Enphase Energy, Inc. (ENPH) (“Enphase”, or the “Company”), on behalf of all those that purchased or otherwise acquired Enphase common stock between April 25, 2023, and October 22, 2024, both dates inclusive (the “Class Period”).

 

Enphase is a Delaware corporation with its principal executive offices in Fremont, California. Enphase develops, manufactures, and sells solar microinverters, which are primarily used in residential solar installations to convert solar panel output from direct current to alternating current (which can be transmitted to the power grid). Enphase primarily sells its products “to solar distributors who combine [the Company’s] products with others, including solar modules products and racking systems.”

 

The complaint alleges throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts, about the Company’s business and operations. Specifically, Defendants systematically overstated the Company’s ability to maintain its pricing levels and market share for microinverter products in Europe in the face of competition from low-cost, Chinese alternatives.

 

On this news, the price of Enphase common stock declined $13.76 per share, or nearly 15%, from a close of $92.23 per share on October 22, 2024, to close at $78.47 per share on October 23, 2024.

 

If you purchased Enphase common stock during the class period and would like to receive more information or join the action, please enter your contact information below for a FREE consultation and click “Submit Your Information.”

 

About Lowey Dannenberg

Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors.

If you suffered a loss on your investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below.

An attorney will contact you at no cost to provide you information about joining the action and answer your questions. Please note that submission of this form does not by itself form an attorney-client relationship nor does filing out this form mean you have joined any lawsuit.