Enphase Energy, Inc. Investors: Please contact the Portnoy Law Firm to recover your losses. February 11, 2025 Deadline to file Lead Plaintiff Motion.

Core Viewpoint - Enphase Energy, Inc. is facing a class action lawsuit due to allegations of misleading statements regarding its market position and revenue performance in Europe during the specified class period from April 25, 2023, to October 22, 2024 [1][3]. Group 1: Class Action Details - The class action lawsuit claims that Enphase Energy exaggerated its ability to maintain pricing levels and market share for microinverter products in Europe, despite competition from low-cost Chinese alternatives [3]. - Investors have until February 11, 2025, to file a lead plaintiff motion in the class action [1]. Group 2: Financial Performance - On October 26, 2023, Enphase Energy reported a 34% drop in its third-quarter 2023 revenue in Europe compared to the second quarter of 2023, attributed to a slowdown in demand in key markets such as the Netherlands, France, and Germany [4]. - Following this announcement, Enphase Energy's stock price fell by nearly 15% [4]. - On October 22, 2024, the company reported a 15% decrease in revenue in Europe for the third quarter of 2024 compared to the second quarter of 2024, citing further softening in European demand [5]. - This news also led to another nearly 15% drop in Enphase Energy's stock price [5].