Prescience Point Capital Management Issues Negative Research Report on Enphase Energy, Inc. (NASDAQ: ENPH)

BATON ROUGE, La., July 25, 2018

After a deep forensic analysis of the company's financial statements and a months-long investigation, Prescience Point believes that Enphase's shares are worth roughly 85% less than their current trading value, after surging about 5 times over the past 10 months. Our investigation indicates that the reliability of Enphase's financial statements has declined with each passing quarter since Q3'17. The company's accounting shenanigans appear to have begun following the appointment of Badri Kothandaraman as Enphase's new CEO in September 2017.

"After digging into Enphase's public filings and disclosures, we have become highly concerned about the credibility of its financial statements," said Eiad Asbahi, Founder and Portfolio Manager of Prescience Point. "For this reason, we have doubts about the Enphase turnaround story."

Prescience Point believes Enphase shares are currently worth about $1.00 on a fundamental basis.

Click here to download Prescience Point's full report on Enphase.

Prescience Point has a short position in Enphase and stands to benefit if its share price falls.

About Prescience Point Capital Management
Prescience Point Capital Management is a private investment manager that employs forensic investigative techniques to unearth significant mispricings in global markets. The firm specializes in extensive investigations of difficult-to-analyze public companies in order to uncover significant elements of the business that have been overlooked or ignored by others. Their publicly-available research focuses on exposing corporate wrongdoing and has been followed by resignations of auditors, CEOs and CFOs, earnings restatements, SEC investigations and stock delistings.