ENPHASE ENERGY, INC. (NASDAQ: ENPH) INVESTOR ALERT:

NEW YORK, May 30, 2024 (GLOBE NEWSWIRE) – Bernstein Liebhard LLP:

• Do you own or have you owned shares of Enphase Energy, Inc. (NASDAQ: ENPH)?
• Did you purchase your shares between February 7, 2023 and April 25, 2023 (inclusive)?
• Did you lose money on your investment in Enphase Energy, Inc.?
• Would you like to talk about your rights?

Bernstein Liebhard LLP announces that a class action lawsuit has been filed on behalf of investors who purchased securities of Enphase Energy, Inc. (“Enphase” or the “Company”) (NASDAQ: ENPH) between 7 February 2023 and 25 April 2023inclusive (the “Claim Period”). The lawsuit was filed in the U.S. District Court for the Northern District of California and alleges violations of the Securities Exchange Act of 1934 against the Company and certain of its officers (the “Complaint”).

If you Have purchased or acquired Enphase securities and/or wish to discuss your legal rights and options please visit the Enphase Energy, Inc. Shareholders Class Action Lawsuit or contact the Investor Relations Manager. Peter Allocco at (212) 951-2030 or [email protected].

Enphase is an energy technology company that designs, develops, manufactures, and sells solar microinverters, battery storage, and electric vehicle charging stations in the United States and internationally.

According to the lawsuit, the defendants failed to disclose adverse facts to investors, including the decline in battery shipments to Europe and California, the slowdown in battery adoption and use, the longer transition period with NEM 3.0, and the lower production of inverters manufactured in the new production lines in the United States.

On April 25, 2023, Enphase issued a press release announcing its first quarter results. In this context, the defendants announced that revenue in the United States decreased by approximately 9% and attributed this to macroeconomic conditions. In addition, the defendants provided a weak outlook for the second quarter of 2023, estimating revenue at $700 million to $750 million.

On this news, Enphase’s stock price fell $56.77 per share, or nearly 26%, to close at $163.83 per share on April 26, 2023.

If you wish to serve as lead plaintiff, you must move the Court no later than July 29, 2024. A lead plaintiff is a representative party who directs the litigation on behalf of other class members. Your ability to share in any recovery is not dependent on your serving as lead plaintiff. If you choose not to take action, you may remain an absent class member.

If you Have purchased or acquired Enphase securities and/or wish to discuss your legal rights and options please visit the Enphase Energy, Inc. Shareholders Class Action Lawsuit or contact the Investor Relations Manager. Peter Allocco at (212) 951-2030 or [email protected].

Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the firm has been retained by some of the nation’s largest public and private pension funds to oversee their assets and litigate on their behalf. Because of its success in litigating hundreds of trials and class action cases, the firm has been named to the National Law Journal’s “Plaintiffs’ Hot List” thirteen times and has been listed in The Legal 500 for sixteen consecutive years.

ATTORNEY ADVERTISING. © 2024 Bernstein Liebhard LLP. The law firm responsible for this advertising is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. Past results do not guarantee or predict a similar outcome with respect to future matters.

Contact information:

Peter Allocco
Investor Relations Manager
Bernstein Liebhard LLP
https://www.bernlieb.com
(212) 951-2030
[email protected]