Lawsuit filed for Investors in shares of Enphase Energy, Inc. (NASDAQ: ENPH) over alleged Violations of Securities Laws

An investor, who purchased shares of Enphase Energy, Inc. (NASDAQ: ENPH), filed a lawsuit over alleged violations of Federal Securities Laws by Enphase Energy, Inc.

Investors who purchased shares of Enphase Energy, Inc. (NASDAQ: ENPH) have certain options and for certain investors are short and strict deadlines running. Deadline: August 17, 2020. NASDAQ: ENPH investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On June 17, 2020, an updated report was published by a short seller. The report alleged that Enphase Energy, Inc. fabricated at least $205.3million, or 39%, of its reported U.S. revenue. The report also alleged numerous other misleading and/or deceptive business practices, including reporting nearly impossible reduction in the Company’s unit costs and suspicious stock dumps by executives and board members.

Shares of Enphase Energy, Inc. (NASDAQ: ENPH) declined from $70.36 per share on May 19, 2020 to as low as $37.81 per share on June 17, 2020.

The plaintiff claims that Enphase misrepresented and/or failed to disclose to investors that its revenues, both U.S. and international, were inflated, that the Company engaged in improper deferred revenue accounting practices, that the Company's reported base points expansion in gross margins were overstated, and that as a result of the foregoing, Defendants' public statements were materially false and misleading at all relevant times.

Those who purchased shares of Enphase Energy, Inc. (NASDAQ: ENPH) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.