Deadline Alert: Investigation Initiated for Enphase Energy Investors
Faruqi & Faruqi, LLP, a renowned national securities law firm, is currently conducting an investigation into potential claims against Enphase Energy, Inc. (NASDAQ: ENPH). Investors are reminded of the upcoming deadline on July 29, 2024, to seek the role of lead plaintiff in a federal securities class action against the Company.
If you have suffered losses exceeding $100,000 in Enphase between February 7, 2023, and April 25, 2023, Faruqi & Faruqi partner James (Josh) Wilson encourages you to contact him directly. The firm has a successful track record of recovering substantial amounts for investors since its establishment in 1995.
The complaint alleges that Enphase and its executives violated federal securities laws by withholding crucial information from shareholders. This includes a decrease in battery shipments to Europe and California, a slowdown in battery deployment, and a longer transition period with NEM 3.0. These actions led to shareholders purchasing Enphase’s securities at artificially inflated prices.
Following the release of Enphase’s first-quarter earnings on April 25, 2023, the stock price plummeted by nearly 26%. The weak second-quarter outlook and reduced revenue estimates contributed to this significant drop, causing concern among investors.
Investors are urged to take action if they believe they have pertinent information regarding Enphase’s conduct. Whether you are a whistleblower, former employee, or shareholder, Faruqi & Faruqi, LLP is interested in hearing from you.
To stay updated on developments regarding the Enphase class action, visit www.faruqilaw.com/ENPH or contact Faruqi & Faruqi partner Josh Wilson directly. Remember, your ability to participate in any recovery is not impacted by your decision to serve as a lead plaintiff.
For more information, follow Faruqi & Faruqi on LinkedIn, X, or Facebook. This investigation is a significant step towards ensuring transparency and accountability in the securities market.
Source: Faruqi & Faruqi, LLP
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