Core Viewpoint - Enphase Energy is facing a class action lawsuit due to allegations of misleading statements regarding its financial performance and market position, particularly in Europe, leading to significant stock price declines [2][5][9]. Financial Performance - Enphase Energy reported a revenue decrease of approximately 15% in Europe for Q3 2024 compared to Q2 2024, attributed to softening demand [2]. - In Q3 2023, the company experienced a more severe revenue decline of about 34% in Europe compared to Q2 2023, also due to reduced demand in key markets such as the Netherlands, France, and Germany [7]. Legal Allegations - The class action lawsuit alleges that Enphase Energy and its executives violated the Securities Exchange Act of 1934 by making false or misleading statements and failing to disclose the impact of competition from low-cost Chinese alternatives on their pricing and market share [5][9]. - The lawsuit is titled "The Trustees of the Welfare and Pension Funds of Local 464A - Pension Fund v. Enphase Energy, Inc." and includes a class period from April 25, 2023, to October 22, 2024 [5]. Investor Information - Investors who purchased Enphase Energy common stock during the class period have until February 11, 2025, to seek appointment as lead plaintiff in the lawsuit [5]. - The lead plaintiff process allows investors with the greatest financial interest to represent the class, and they can choose their own legal representation [10].

NEW YORK, Dec. 20, 2024 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Enphase Energy, Inc. ("Enphase" or the "Company") (NASDAQ: ENPH). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.The class action concerns whether ENPH and certain of its officers a ...

SAN DIEGO, Dec. 18, 2024 /PRNewswire/ -- Robbins LLP announces that a shareholder filed a class action on behalf of all investors who purchased or otherwise acquired Enphase Energy, Inc. (NASDAQ: ENPH) securities between April 25, 2023 and October 22, 2024. Enphase develops, manufactures, and sells solar microinverters, which are primarily used in residential solar installations to convert solar panel output from direct current to alternating current (which can be transmitted to the power grid). For more in ...

FREMONT, Calif., Dec. 17, 2024 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, today announced initial shipments of its most powerful home battery to-date, the IQ® Battery 5P, for customers in India. Enphase announced pre-orders of IQ Battery 5Ps in September 2024. India’s power grid faces frequent challenges, with outages disrupting numerous households daily. The IQ Battery 5P deli ...

The solar energy residential equipment has suffered a lot during 2023-2024 because of severe headwinds. Nevertheless, I believe that they were temporary and Enphase Energy (NASDAQ: ENPH ) is firmly positioned to benefit from the industry recovery which IAs an investor who started my path five years ago with my own capital, I represent a blend of hands on experience and academic background in corporate finance. Due to my relatively young age I thrive on discovering long-duration growth opportunities and acti ...

SAN DIEGO, Dec. 17, 2024 /PRNewswire/ -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Enphase Energy, Inc. (NASDAQ: ENPH) common stock between April 25, 2023 and October 22, 2024, inclusive (the "Class Period"), have until February 11, 2025 to seek appointment as lead plaintiff of the Enphase Energy class action lawsuit.  Captioned The Trustees of the Welfare and Pension Funds of Local 464A - Pension Fund v. Enphase Energy, Inc., No. 24-cv-09038 (N.D. Cal.), the ...

Enphase Energy, Inc. (ENPH) recently joined forces with the Netherlands’ energy provider, NextEnergy, to help the nation’s solar homeowners optimize their energy savings.  This collaboration should further strengthen Enphase Energy’s footprint in the European solar market.Benefits of ENPH’s PartnershipPer the contract, NextEnergy customers using Enphase Energy systems can join the Netherlands' grid imbalance energy market and can thereby save more money and recover their costs faster. In particular, ENPH’s ...

The latest trading session saw Enphase Energy (ENPH) ending at $74.23, denoting a -0.3% adjustment from its last day's close. The stock fell short of the S&P 500, which registered a gain of 0.82% for the day. Elsewhere, the Dow lost 0.22%, while the tech-heavy Nasdaq added 1.77%.The the stock of solar technology company has risen by 23.9% in the past month, leading the Oils-Energy sector's loss of 2.1% and the S&P 500's gain of 0.8%.Market participants will be closely following the financial results of Enph ...

FREMONT, Calif., Dec. 11, 2024 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, today announced initial shipments of IQ8X™ Microinverters and IQ8P-3P™ Commercial Microinverters supplied from manufacturing facilities in the United States with higher domestic content than previous models. The microinverters have SKUs with a “DOM” suffix, indicating an increased amount of domestic conte ...

Enphase Energy, Inc. (ENPH) recently unveiled the IQ PowerPack 1500 portable energy system in the solar markets of the United States and Canada. The company expects to start shipment of the IQ PowerPack 1500, which comes with a five-year limited warranty, from next month.More on ENPH’s IQ PowerPack 1500The IQ PowerPack 1500, with built-in IQ8 microinverters, comes with a 1,500-watt-hour battery capacity that can power small appliances at home, work or outdoors. It is lightweight and easy to move with an opt ...