Enphase Energy, Inc. (NASDAQ: ENPH)

This lawsuit is for anyone who acquired securities in Enphase Energy, Inc. (NASDAQ: ENPH) from February 7, 2023 through April 25, 2023.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company knew but failed to timely inform investors of slowing sales.

On April 25, 2023, Enphase released its first quarter 2023 earnings, revealing that revenue in the United States had decreased by approximately 9%, citing macroeconomic conditions. Additionally, the Company lowered its second quarter 2023 outlook. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Enphase Energy, Inc. (NASDAQ: ENPH) from February 7, 2023 through April 25, 2023 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.