Enphase Energy, Inc. Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before July 29, 2024 to Discuss Your Rights - ENPH

NEW YORK,, July 1, 2024

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Enphase investors who were adversely affected by alleged securities fraud between February 7, 2023 and April 25, 2023. Follow the link below to get more information and be contacted by a member of our team:

https://zlk.com/pslra-1/enphase-energy-inc-lawsuit-submission-form?prid=88016&wire=4

ENPH investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.

CASE DETAILS: According to the complaint, on April 25, 2023, Enphase issued a press release announcing its first quarter earnings. In pertinent part, defendants announced revenue in the United States had decreased by approximately 9% attributing it to macroeconomic conditions. Additionally, defendants put out a weak second quarter outlook for 2023 where revenue was estimated to be within the range of $700 million to $750 million. Following this news, the price of Enphase's common stock declined dramatically. From a closing market price of $220.60 per share on April 25, 2023, Enphase's stock price fell to $163.83 per share on April 26, 2023, a decline of nearly 26% in the span of just a single day.

WHAT'S NEXT? If you suffered a loss in Enphase during the relevant time frame, you have until July 29, 2024 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.