ENPH INVESTOR DEADLINE: Enphase Energy, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

Core Viewpoint - Enphase Energy is facing a class action lawsuit due to allegations of misleading statements regarding its financial performance and market position, particularly in Europe, leading to significant stock price declines [2][5][9]. Financial Performance - Enphase Energy reported a revenue decrease of approximately 15% in Europe for Q3 2024 compared to Q2 2024, attributed to softening demand [2]. - In Q3 2023, the company experienced a more severe revenue decline of about 34% in Europe compared to Q2 2023, also due to reduced demand in key markets such as the Netherlands, France, and Germany [7]. Legal Allegations - The class action lawsuit alleges that Enphase Energy and its executives violated the Securities Exchange Act of 1934 by making false or misleading statements and failing to disclose the impact of competition from low-cost Chinese alternatives on their pricing and market share [5][9]. - The lawsuit is titled "The Trustees of the Welfare and Pension Funds of Local 464A - Pension Fund v. Enphase Energy, Inc." and includes a class period from April 25, 2023, to October 22, 2024 [5]. Investor Information - Investors who purchased Enphase Energy common stock during the class period have until February 11, 2025, to seek appointment as lead plaintiff in the lawsuit [5]. - The lead plaintiff process allows investors with the greatest financial interest to represent the class, and they can choose their own legal representation [10].