Investors Urged to Take Action Amid Enphase Energy Investigation by Faruqi & Faruqi, LLP

Investigating Enphase Energy: An Investor's Alert

As the investor deadline approaches, legal firm Faruqi & Faruqi, LLP is taking decisive action to investigate claims regarding Enphase Energy, Inc. This investigation sheds light on concerns that could significantly impact shareholders who have suffered losses exceeding $100,000. If your investments were affected between April 25, 2023, and October 22, 2024, it may be time to explore your legal options.

The Allegations Unfold

Faruqi & Faruqi alleges that Enphase and its executives could have been involved in misleading practices under federal securities laws. Investors contend that false statements were made concerning the Company’s ability to maintain its pricing structure and market presence for their microinverter products in Europe. As competition surged due to low-cost Chinese alternatives, questions arose about the integrity of Enphase's growth claims.

The situation intensified on April 25, 2023, when Enphase revealed a substantial 25% year-over-year rise in European revenue during its first-quarter financial results. CEO Badrinarayanan Kothandaraman reported that the microinverter sell-through in Europe had reached unprecedented levels during that quarter. However, when prompted about competition from Chinese companies, senior officials dismissively downplayed the risks, asserting that Enphase was unfazed by the competitive landscape and price changes.