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Bronstein, Gewirtz & Grossman LLC Reminds Enphase Energy, Inc. Investors to Join Class Action Lawsuit!

Bronstein, Gewirtz & Grossman LLC Reminds Enphase Energy, Inc. Investors to Join Class Action Lawsuit!

NEW YORK, NEW YORK / ACCESSWIRE / July 11, 2024 / Bronstein, Gewirtz & Grossman, LLC, an internationally recognized law firm, notifies investors of the filing of a class action lawsuit against Enphase Energy, Inc. (“Enphase” or the “Company”) (NASDAQ:ENPH) and certain of its directors.

Class definition:

This lawsuit seeks to recover damages from Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Enphase securities between February 7, 2023 and April 25, 2023, inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s website at bgandg.com/ENPH.

Case details:

The complaint alleges that Defendants made overwhelmingly positive statements to investors while simultaneously making materially false and misleading statements and/or concealing material adverse facts regarding (a) a decline in battery shipments to Europe and California; (b) a slowdown in battery deployment and adoption; (c) a longer transition period for NEM 3.0; and (d) slower production of inverters produced by the new U.S. production lines. This caused Plaintiff and other shareholders to purchase Enphase securities at artificially inflated prices. As a result, the price of Enphase common stock declined dramatically. From a closing market price of $220.60 per share on April 25, 2023, Enphase stock fell to $163.83 per share on April 26, 2023, a decline of nearly 26% in just one day.

What’s next?

The class action lawsuit has already been filed. If you would like to review a copy of the complaint, you can visit the firm’s website at bgandg.com/ENPH or contact Peretz Bronstein, Esq. or his Client Relationship Manager, Nathan Miller of Bronstein, Gewirtz & Grossman, LLC at 332-239-2660. If you suffered a loss in Enphase, you have until July 29, 2024 to ask the Court to appoint you as lead plaintiff. Your ability to share in any award does not require that you serve as lead plaintiff.

There is no cost to you.

We represent investors in class action lawsuits on a contingency basis. This means that we will ask the court to recover our costs and attorney fees, usually a percentage of the total award, only if we are successful.

Why Bronstein, Gewirtz and Grossman:

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm representing investors in securities fraud class actions and shareholder derivative lawsuits. Our firm has recovered hundreds of millions of dollars for investors across the country.

Lawyer Advertising. Previous results do not guarantee similar results.

CONTACT:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller,
332-239-2660 | (email protected)

SOURCE: Bronstein, Gewirtz and Grossman, LLC