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Enphase Energy, Inc. Class Action Lawsuit - ENPH

34 days left to seek lead plaintiff status

Case Summary

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The Enphase class action lawsuit, captioned Bialic v. Enphase Energy, Inc., No. 24-cv-03216 (N.D. Cal.), charges Enphase Energy, Inc. (NASDAQ: ENPH) and certain of Enphase’s top executives with violations of the Securities Exchange Act of 1934.

If you suffered substantial losses and wish to serve as lead plaintiff of the Enphase class action lawsuit, please provide your information in the form on this page.  You can also contact attorney J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at info@rgrdlaw.com. Lead plaintiff motions for the Enphase class action lawsuit must be filed with the court no later than July 29, 2024.

CASE ALLEGATIONS: Enphase is an energy technology company.

The Enphase class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that Enphase had been experiencing a decrease in battery shipments to Europe and California, a slowdown in battery deployment and adoption, a longer transition period with California’s net energy metering 3.0 policy, and slower output of inverters manufactured by Enphase’s new U.S. base manufacturing lines.

The Enphase class action lawsuit further alleges that on April 25, 2023, Enphase announced that its “revenue in the United States for the first quarter of 2023 decreased approximately 9% due to seasonality and macroeconomic conditions.”  On this news, the price of Enphase stock fell nearly 26%, according to the Enphase class action lawsuit.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Enphase securities during the Class Period to seek appointment as lead plaintiff in the Enphase class action lawsuit.  A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class.  A lead plaintiff acts on behalf of all other class members in directing the Enphase class action lawsuit.  The lead plaintiff can select a law firm of its choice to litigate the Enphase class action lawsuit.  An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Enphase class action lawsuit.

ABOUT ROBBINS GELLER RUDMAN & DOWD LLP: Robbins Geller Rudman & Dowd LLP is one of the world’s leading complex class action firms representing plaintiffs in securities fraud cases.  The Firm was ranked #1 on the ISS Securities Class Action Services Top 50 Report for recovering more than $1.75 billion for investors in 2022 – the third year in a row Robbins Geller topped the list.  And in those three years alone, Robbins Geller recovered nearly $5.3 billion for investors, more than double the amount recovered by any other plaintiffs’ firm.  With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig.

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