Enphase Energy, Inc.

Case Details

Class Period: February 7, 2023 - April 25, 2023
Date Filed: May 29, 2024
Case Number: 5:24-cv-03216
Jurisdiction: Northern District of California
icon-casetype Case Type: Securities Case
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Case Summary

According to the complaint, on April 25, 2023, Enphase issued a press release announcing its first quarter earnings. In pertinent part, defendants announced revenue in the United States had decreased by approximately 9% attributing it to macroeconomic conditions. Additionally, defendants put out a weak second quarter outlook for 2023 where revenue was estimated to be within the range of $700 million to $750 million.