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ENPH.US
id: 1429

Enphase Energy (ENPH) European Market Misrepresentation Case

N.D. California
Court
3:24-cv-09038
Case number
04/25/2023
Class period Start
10/22/2024
Class period End
02/11/2025
Lead Plaintiff motion deadline
  • $ENPH investors filed a lawsuit against Enphase Energy for misleading them about the company's ability to maintain pricing and market share in Europe.
  • On October 22, 2024, $ENPH dropped by 14.92%.
  • $ENPH investors can join this case to be notified about potential recovery.
Case Details:

Between April 25, 2023, and October 22, 2024, Enphase assured investors that its European business remained strong, despite growing competition from more affordable Chinese solar inverter brands.

During a Q1 2023 earnings call on April 25, 2023, CEO Kothandaraman dismissed concerns, claiming no need to reduce pricing and highlighting Enphase’s premium value.

On October 26, 2023, the company reported a 34% revenue decline in Europe for Q3 2023, attributing the drop to “softening demand.”

By Q4 2023, Enphase experienced a further 70% decline in European revenue.

On October 22, 2024, Enphase reported a 15% drop in European revenue for Q3 2024, citing lower demand and rising competition.

These revelations led $ENPH to drop nearly 15%.

Based on these events, $ENPH investors filed a lawsuit against Enphase Energy, accusing the company of the following:
  • It misled investors about its ability to maintain pricing and market share in Europe.
  • It downplayed competitive pressures from low-cost Chinese alternatives.
Investors believe Enphase misrepresented its pricing strategy and competitive position in Europe.
Case Status
Lead Plaintiff Submission
Alleged Offence
Misleading Statements
Financial Misrepresentation
Failure to Disclose
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
10/23/2024
Filing date
12/13/2024
Lead Plaintiff Deadline
02/11/2025
Collecting participants…

Enphase Energy Inc

Enphase Energy, Inc., together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. ...

    Ticker
    ENPH.US
    ISIN
    US29355A1079
    CIK
    1463101
    Sector
    Technology
    Industry
    Solar
    Country
    USA
    Address
    47281 Bayside Parkway, Fremont, CA, United States, 94538