Enphase Energy, Inc.

Passed

Class Action Period:
December 12, 2022 - April 25, 2023

Lead Plaintiff Deadline:
July 29, 2024

Case Form

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First Name

Last Name

Phone

Street Address

City

State

Zip

Shares Purchased

Purchase Date

Estimated Loss

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Allegations

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.

Eligibility

In order to be included in the lawsuit, you must have incurred a loss on shares of Enphase purchased during the class period listed above.

Lead Plaintiff Deadline

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.