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Enphase Energy Inc® Class Action

Trustees of the Welfare and Pension Funds of Local 464A Pension Fund v. Enphase Energy, Inc. et al.

Enphase Energy Inc

NYSE: ENPH

Class Period : 04/25/2023 - 10/22/2024

Lead Plaintiff Motion Deadline: 2/11/2025

Alleged Misstatements and Omissions
The shareholder lawsuit against Enphase Energy alleges the company misled investors regarding its ability to maintain market share and pricing power in European markets. Key claims include:

  • Overstated Market Strength: Enphase's CEO repeatedly highlighted "strong broad-based growth" in European markets like the Netherlands and France, asserting that the company's quality and service would strengthen its market position.
  • Misleading Pricing Strategy: Leadership falsely assured investors that the company's pricing strategy was resilient against competitive pressures while failing to acknowledge the growing threat from low-cost Chinese competitors.

These misrepresentations gave investors an overly optimistic view of Enphase's market stability in Europe.

Effects on Stock Prices
The truth about Enphase's challenges in Europe unfolded over time, leading to significant stock price declines:

  • October 26, 2023: Enphase disclosed a 34% drop in European revenue for Q3 2023, citing softening demand in key markets. This caused a 15% decline in stock price, from $96.18 on October 26 to $82.09 on October 27, 2023.
  • October 22, 2024: The company announced another 15% revenue decline in Europe for Q3 2024, attributing it to a challenging business environment while ignoring competition from Chinese alternatives. The stock dropped nearly 15% again, from $92.23 on October 22 to $78.47 on October 23, 2024.

These revelations exposed the material risks Enphase had previously downplayed.

Legal Rights for Affected Shareholders
Shareholders who purchased Enphase stock during the Class Period may have legal grounds to seek compensation for their losses. The lawsuit alleges violations of securities laws, claiming that Enphase misled investors about its European market stability and competitive pressures.

By joining this class action, you can:

  • Pursue recovery for financial losses tied to Enphase stock.
  • Hold the company accountable for its alleged misrepresentations.
  • Advocate for greater transparency and fairness for all investors.

Take Action Today
Protect your rights by acting promptly if you purchased Enphase shares and suffered losses. Contact an experienced securities fraud attorney to explore your legal options and ensure your claim is filed before applicable deadlines.

Joining the Enphase shareholder class action empowers you to demand accountability and fair compensation. Time is critical—act today to safeguard your legal rights.

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Contact DiCello Levitt Today To Explore Your Legal Options

At DiCello Levitt, we protect investors harmed by corporate misconduct. Our team has the experience and resources to take on powerful companies like Enphase Energy, Inc.®, and fight for justice.  

You could be compensated if you invested in Enphase Energy, Inc.® and suffered financial losses. We offer a free, private case evaluation to assess the strength of your claim and guide you through the legal process.  

Don't let corporate fraud jeopardize your financial future. Contact us today to explore your options and join the fight for shareholder rights. Request your free case evaluation to pursue the justice and compensation you deserve.  

All victims affected by Enphase Energy, Inc.®'s alleged deceptive practices and failure to meet basic compliance standards should receive justice and potential compensation, beginning with a free, private case review with our experienced legal team.

The Importance of Joining a Class Action

Class action lawsuits can provide an efficient mechanism to compensate injured victims, hold wrongdoers accountable, or affect how a company or an industry operates.  Class actions allow injured parties to come together and take on larger adversaries.  By leveraging the power of a group class members the class can match the resources of a corporate defendant and put the parties on equal footing.

If you have been adversely affected by corporate misconduct, you may join DiCello Levitt’s class action lawsuit and help hold the wrongdoers responsible for their alleged misconduct, potentially recover your financial losses, and contribute to enforcing higher ethical, governance, and compliance standards.  Your participation can make a difference.

To learn more about how to join the lawsuit and your potential eligibility, please contact DiCello Levitt.  DiCello Levitt is committed to representing the interests of all affected parties and pursuing justice in this significant case.

Find Out if You may be a Member
of the Class

Enphase Energy Inc® Class Action

Trustees of the Welfare and Pension Funds of Local 464A Pension Fund v. Enphase Energy, Inc. et al.

Enphase Energy Inc

NYSE: ENPH

Class Period : 04/25/2023 - 10/22/2024

Lead Plaintiff Motion Deadline: 2/11/2025

Alleged Misstatements and Omissions
The shareholder lawsuit against Enphase Energy alleges the company misled investors regarding its ability to maintain market share and pricing power in European markets. Key claims include:

  • Overstated Market Strength: Enphase's CEO repeatedly highlighted "strong broad-based growth" in European markets like the Netherlands and France, asserting that the company's quality and service would strengthen its market position.
  • Misleading Pricing Strategy: Leadership falsely assured investors that the company's pricing strategy was resilient against competitive pressures while failing to acknowledge the growing threat from low-cost Chinese competitors.

These misrepresentations gave investors an overly optimistic view of Enphase's market stability in Europe.

Effects on Stock Prices
The truth about Enphase's challenges in Europe unfolded over time, leading to significant stock price declines:

  • October 26, 2023: Enphase disclosed a 34% drop in European revenue for Q3 2023, citing softening demand in key markets. This caused a 15% decline in stock price, from $96.18 on October 26 to $82.09 on October 27, 2023.
  • October 22, 2024: The company announced another 15% revenue decline in Europe for Q3 2024, attributing it to a challenging business environment while ignoring competition from Chinese alternatives. The stock dropped nearly 15% again, from $92.23 on October 22 to $78.47 on October 23, 2024.

These revelations exposed the material risks Enphase had previously downplayed.

Legal Rights for Affected Shareholders
Shareholders who purchased Enphase stock during the Class Period may have legal grounds to seek compensation for their losses. The lawsuit alleges violations of securities laws, claiming that Enphase misled investors about its European market stability and competitive pressures.

By joining this class action, you can:

  • Pursue recovery for financial losses tied to Enphase stock.
  • Hold the company accountable for its alleged misrepresentations.
  • Advocate for greater transparency and fairness for all investors.

Take Action Today
Protect your rights by acting promptly if you purchased Enphase shares and suffered losses. Contact an experienced securities fraud attorney to explore your legal options and ensure your claim is filed before applicable deadlines.

Joining the Enphase shareholder class action empowers you to demand accountability and fair compensation. Time is critical—act today to safeguard your legal rights.

slide-1

Contact DiCello Levitt Today To Explore Your Legal Options

At DiCello Levitt, we protect investors harmed by corporate misconduct. Our team has the experience and resources to take on powerful companies like Enphase Energy, Inc.®, and fight for justice.  

You could be compensated if you invested in Enphase Energy, Inc.® and suffered financial losses. We offer a free, private case evaluation to assess the strength of your claim and guide you through the legal process.  

Don't let corporate fraud jeopardize your financial future. Contact us today to explore your options and join the fight for shareholder rights. Request your free case evaluation to pursue the justice and compensation you deserve.  

All victims affected by Enphase Energy, Inc.®'s alleged deceptive practices and failure to meet basic compliance standards should receive justice and potential compensation, beginning with a free, private case review with our experienced legal team.

The Importance of Joining a Class Action

Class action lawsuits can provide an efficient mechanism to compensate injured victims, hold wrongdoers accountable, or affect how a company or an industry operates.  Class actions allow injured parties to come together and take on larger adversaries.  By leveraging the power of a group class members the class can match the resources of a corporate defendant and put the parties on equal footing.

If you have been adversely affected by corporate misconduct, you may join DiCello Levitt’s class action lawsuit and help hold the wrongdoers responsible for their alleged misconduct, potentially recover your financial losses, and contribute to enforcing higher ethical, governance, and compliance standards.  Your participation can make a difference.

To learn more about how to join the lawsuit and your potential eligibility, please contact DiCello Levitt.  DiCello Levitt is committed to representing the interests of all affected parties and pursuing justice in this significant case.

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Enphase Energy, Inc.® Investors may have grounds to pursue legal action and financial recovery of damages.

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