Enphase Energy, Inc. (ENPH) Shareholder Investigation: Lawsuit Filed
Thornton Law Firm LLP is investigating a securities class action lawsuit filed on behalf of shareholders of Enphase Energy, Inc. (NASDAQ: ENPH). Investors who purchased ENPH securities between February 26, 2019, and June 17, 2020, that are interested in serving as a lead plaintiff, are encouraged to submit their information here. Investors may also contact Thornton Law Firm at email@example.com, or call 617-531-3917. Investors outside the USA, including derivative investors, are particularly encouraged to contact Thornton Law Firm to discuss their potential recovery rights.
The lawsuit alleges violations of the federal securities laws, and the class has not yet been certified. Until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member. There is no minimum number of shares required to be a class member, and shareholders do not need to be lead plaintiff to recover as a class member. The lead plaintiff serves as a representative of all investors in the lawsuit. Interested ENPH shareholders have until August 17, 2020, to apply to be a lead plaintiff.
According to the Complaint, Enphase Energy, Inc. is a global energy technology company that “deliver[s] smart, easy-to-use solutions that manage solar generation, storage and communication on one intelligent platform.” The Company asserts that it “revolutionized the solar industry with [its] microinverter technology” and that it “produce[s] a fully integrated solar-plus-storage solution.”
The Complaint alleges that Enphase failed to disclose to investors that: (1) its revenues, both U.S. and international, were inflated; (2) the Company engaged in improper deferred revenue accounting practices; (3) the Company’s reported base points expansion in gross margins were overstated; and that (4) as a result of the foregoing, Defendants’ public statements were materially false and misleading at all relevant times.
Investors who suffered a loss in Enphase Energy, Inc. that are interested to learn more about the lead plaintiff process are encouraged to submit their information here, by email at firstname.lastname@example.org, or by calling 617-531-3917.
Thornton Law Firm’s securities attorneys are highly experienced in representing investors in recovering damages caused by violations of the securities laws. Its attorneys have established track records litigating securities cases in courts throughout the country and recovering losses on behalf of shareholders. This may be considered Attorney Advertising in some jurisdictions. Prior results do not guarantee or predict a similar outcome with respect to any future matter.