Investigation announced for Investors who lost money with shares of Enphase Energy, Inc. (NASDAQ: ENPH)

An investigation was announced over potential securities laws violations by Enphase Energy, Inc. in connection with certain financial statements.

Investors who purchased shares of Enphase Energy, Inc. (NASDAQ: ENPH), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether a series of statements by Enphase Energy, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Fremont, CA based Enphase Energy, Inc., together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. Enphase Energy, Inc. reported that its annual Total Revenue declined from over $2.33 billion in 2022 to over $2.29 billion in 2023 and that its Net Income increased from $397.36 million in 2022 to $438.93 million in 2023.

On April 23, 2024, Enphase Energy, Inc. reported its financial results for the first quarter of 2024. The company disclosed a 34% decline in revenue, attributed to seasonality and reduced U.S. demand. Additionally, Enphase adjusted its shipment strategy to manage channel inventory.

Shares of Enphase Energy, Inc. (NASDAQ: ENPH) declined from $124.80 per share on April 11, 2024, to as low as $98.40 per share on April 25, 2024.

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

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 lawsuits, 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.