LOS ANGELES, July 4, 2024 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Enphase Energy, Inc. ("Enphase" or "the Company") (NASDAQ: ENPH) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Shareholders who purchased shares of ENPH during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.
CLASS PERIOD:February 7, 2023 to April 25, 2023
DEADLINE: July 29, 2024
CASE DETAILS: The complaint alleges that the Company made false and misleading statements to the market. Enphase suffered a decrease in battery shipments to both Europe and California. The Company was experiencing a slowdown in its battery adoption. The Company also experienced a longer transition time with Net Energy Metering ("NEM") 3.0 than it led the market to expect. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Enphase, investors suffered damages.
NEXT STEPS FOR SHAREHOLDERS: Please contact the managing partner of DJS Law Group, David Schwartz, at David@djslawllp.com
WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: David@djslawllp.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/enphase-energy-inc-sued-for-securities-law-violations---contact-the-djs-law-group-to-discuss-your-rights---enph-302189396.html
SOURCE DJS Law Group LLP
