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Levi & Korsinsky Notifies Enphase

NEW YORK, July 10, 2024 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP notifies investors in Enphase Energy, Inc. (“Enphase” or the “Company”) (NASDAQ: ENPH) in connection with a securities class action lawsuit.

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

ENPH Investors may also contact Joseph E. Levi, Esq. by email at [email protected] or by telephone at (212) 363-7500.

CASE DETAILS: According to the lawsuit, on April 25, 2023, Enphase issued a press release announcing its first-quarter earnings. In pertinent part, defendants announced that U.S. revenues were down approximately 9%, attributing this to macroeconomic conditions. In addition, defendants provided a weak second-quarter 2023 outlook, with revenues estimated at between $700 million and $750 million. Enphase’s common stock price declined dramatically following this announcement. From a closing 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 just one day.

WHAT’S NEXT? If you have suffered a loss in Enphase during the relevant period, you have until July 29, 2024 to ask the Court to appoint you as lead plaintiff. Your ability to share in any recovery does not require that you serve as lead plaintiff.

FREE: If you are a class member, you may be entitled to compensation without having to pay any costs or out-of-pocket fees. Participation in the program is free and involves no obligations.

WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky has secured hundreds of millions of dollars for injured shareholders and has built a history of winning high-stakes cases. Our firm has extensive experience representing investors in complex securities disputes and a team of more than 70 attorneys who serve our clients. For seven consecutive years, Levi & Korsinsky has been ranked in the ISS Securities Class Action Services Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:
Levi & Korsinsky, a partnership
Joseph E. Levi, Attorney at Law
Ed Korsinsky, attorney
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Phone: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com