SHAREHOLDER ALERT: The Pomerantz Law Firm announces the filing of a class action lawsuit against Enphase Energy, Inc.

NEW YORK, 24 June 2024 /PRNewswire/ — Pomerantz LLP announces that a class action lawsuit has been filed against Enphase Energy, Inc. (“Enphase” or the “Company”) (NASDAQ: ENPH). Investors are advised to Danielle Peyton at (email protected) or 646-581-9980 (or 888.4-POMLAW), toll-free, extension 7980. For inquiries by email, you will be asked to provide your mailing address, telephone number and the number of shares purchased.

The class action lawsuit concerns whether Enphase and certain of its officers and/or directors engaged in securities transactions Fraud or other unlawful business practices.

You have until July 29, 2024to ask the Court to appoint you as lead plaintiff for the class if you are a shareholder who purchased or otherwise acquired Enphase securities during the Class Period. A copy of the complaint is available atT www.pomerantzlaw.com.

(Click here for information on joining the class action lawsuit.)

At 25 April 2023Enphase issued a press release announcing its results for the first quarter of 2023. Among other things, Enphase reported that sales in The United States was “decreased approximately 9% due to seasonality and macroeconomic conditions.” In a conference call accompanying the results, Enphase’s top executives stated that “US microinverter sales were 21% lower in the first quarter compared to the fourth quarter” and that “sell-through of our batteries in California was 23% lower in the first quarter than in the fourth quarter as installers focused primarily on solar energy.” Enphase’s quarterly results were at odds with the revenue outlook and expected growth that Enphase had provided less than three months earlier, on February 72023.

Following this news, Enphase’s share price fell $56.77 per share or 25.73% and closed at $163.83 per share on 26 April 2023.

Pomerantz LLP, with offices in new York, Chicago, Los Angeles, London, ParisAnd Tel-Avivis considered one of the leading law firms in the areas of corporate, securities and antitrust litigation. Founded by the late Abraham L. PomerantzKnown as the dean of class action lawyers, Pomerantz was a pioneer in the field of securities class action litigation. Today, more than 85 years later, Pomerantz continues the tradition he established and fights for the rights of victims of securities class action litigation. FraudBreach of fiduciary duty and corporate misconduct. The firm has won billions of dollars in damages on behalf of class action plaintiffs. See www.pomlaw.com.

Attorney advertising. Past results do not guarantee similar results.

CONTACT:
Danielle Peyton
Pomerantz LLP
(email protected)
646-581-9980 extension 7980

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