Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Enphase Energy By Investing.com

Faruqi & Faruqi, LLP Securities Litigation Partners James (Josh) Wilson Encourages investors who have suffered losses in Enphase Energy (NASDAQ 🙂 directly contacted her to discuss their options

If you have purchased or acquiring securities ENPHASE ENERGY Between April 25, 2023 until October 22, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly bye 877-247-4292 or 212-983-9330 (Art. 1310).

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New York, New York – (NewsFile Corp. – January 25, 2025) – Faruqi & Faruqi, LLP, Leading National Securities Legal Firm, is investigating Energy Energy, Inc. Requirements: ) (NASDAQ: Enph) and reminds investors February 11, 2025 Deadline Search the role of the Chief Plaintiff’s Role in the Federal Securities Classified Activities against the Company.

Faruqi & Faruqi is a law firm of leading National Securities, which has offices in New York, Pennsylvania, California and Georgia. The company in 1995 He has returned hundreds of millions of dollars to investors since the foundation. See www.faruqilaw.com.

The following complaint claims that the company and its leaders have violated federal securities, false and / or misleading statements and / or disclosing that the defendants have had a systematically overestimated its price level and market share of microwinvestrora. In Europe, in the conditions of competition for Chinese alternatives.

On April 25, 2023, when the company announced its financial results in the first quarter of its 2023. Among other things, Enphase reported about 25% annual European income. During the quarterly call of investors’ income on the same day, the defendant Badjinarayana, the company’s chairman and Chief Executive Officer, said that Ephase’s European business is rapidly evolving, “due to the sale of our microwinvestries in Europe.”[ing] the highest index of all time in the quarter. When Chinese producers were asked about the risk of competition in Europe and the risk of rising erosion, defendant Raguver Bellur, the company’s co-founder and the CEO of the company. The employee of the goods department rejected such concerns, noting that “[c]competition is stronger everywhere “and” nothing new [in Europe]”While the defendant Kothalanda insisted that Enphase” does not see any decline [it’s] pricing. “

Then, on October 26, 2023, the company reported about 34% of European revenues in the third quarter of 2023 due to the quarter due to the “mitigation of demand.” During the quarterly call accompanying the profits of investors on the same day, the defendant was determined that the company would not specify its price strategy, despite the market competitive forces, emphasizing that “there is no large-scale adjustment of pricing.”

In response to the decline in European income, pricing adjustments, Bofa Securities analysts repeated their own rating of shares and criticized the company to refuse to reduce the market share, as there are “competitive risks” in Europe. .

According to this news, the price of an ordinary share of Ephase fell by 14.09 dollars or by almost 15%, from 2,66.18 to 2,12.09 to one share of the 1,22,18%. dollars per share.

After all, on October 22, 2024, the company announced the financial results of its third quarter of 2024 and revealed about 15% of European income due to the quarter due to the further mitigation of European demand. During the quarterly call accompanying the profit of investors on the same day, the defendant Kothaland was again asked if in the light of the company’s weakness in Europe, Enphase will change its price strategy. He confessed that the company sometimes went to price concessions, the defendant Kothaland repeated that “we do not lower prices anywhere, despite the dominant competitive opponents.

In response to Ephase’s continuous poor work in Europe, Guggenheim lowed Enphase’s shares from neutral to sales rating and explained that Enphase “loses the share of Chinese competitors who are ready to sell half. [Enphase]level. ”

According to this news, the price of an ordinary Ephase stock fell by one share or almost 15%, from 2,23% to one share on October 23, 2024, on October 23, 20024. $ 47.

The main plaintiff appointed by the court is the investor, which has the largest financial interest in the requested assistance, which is equivalent to the class members who manage and control the trial on behalf of the alleged class. Any member of the alleged class may offer the court to act as a main plaintiff through the lawyer they have chosen, or may decide not to do anything and remain a missing member of the class. Your ability to participate in any recovery does not affect the decision to serve or not serve the main plaintiff.

Faruqi & Faruqi, LLP also encourages everyone who has information on Enhpase behavior, contact the company, including anniversary, former employees, shareholders and others.

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