Press release
Lawsuit filed for Investors who lost money with shares of Enphase Energy, Inc. (NASDAQ: ENPH)
A lawsuit was filed on behalf of investors in Enphase Energy, Inc. (NASDAQ: ENPH) shares over alleged securities laws violations.
Investors who purchased shares of Enphase Energy, Inc. (NASDAQ: ENPH) have certain options and for certain investors are short and strict deadlines running. Deadline: July 29, 2024. NASDAQ: ENPH investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
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. 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.
The plaintiff claims that between February 7, 2023 and April 25, 2023, the defendants were providing overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning decrease in battery shipments to Europe and California, causing Plaintiff and other shareholders to purchase Enphase's securities at artificially inflated prices between February 7, 2023 and April 25, 2023.
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.
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