ENPH INVESTOR ALERT: Kirby McInerney LLP Reminds Enphase Energy, Inc. Investors of Looming Lead Plaintiff Deadline in Class Action Lawsuit

Core Viewpoint - Enphase Energy, Inc. is facing a federal securities class action due to significant declines in European revenue and alleged misstatements regarding its pricing strategy during the Class Period from April 25, 2023, to October 22, 2024 [1][5]. Financial Performance - Enphase reported a 34% quarter-over-quarter decline in European revenue for Q3 2023, attributed to softening demand, leading to a stock price drop of approximately 15% [3]. - In Q3 2024, the company announced a further 15% quarter-over-quarter decline in European revenue, again citing softening demand, resulting in another 15% decline in stock price [4]. Management Statements - CEO Badrinarayanan Kothandaraman stated that Enphase would not adjust its pricing strategies despite competitive pressures, asserting that there would be "no broad-based pricing adjustment" [3][4]. Legal Action - A class action lawsuit has been filed against Enphase, alleging that the company overstated its ability to maintain pricing levels and market share against low-cost Chinese competitors during the Class Period [5].