US-based Kessler Topaz Meltzer & Check, LLP announced the filing of a securities fraud class action lawsuit against Enphase Energy, Inc. on behalf of investors who acquired Enphase common stock between April 25, 2023, and October 22, 2024. The lawsuit alleges that Enphase misrepresented its competitive positioning in the European solar market, where revenue declined significantly during the class period due to increasing competition from lower-priced Chinese manufacturers. Despite declining demand, the company maintained its pricing strategies, contributing to a substantial stock price drop following earnings announcements in October 2023 and October 2024. Investors who purchased Enphase stock during this time may move to serve as lead plaintiff by February 11, 2025.
Kessler Topaz filed securities fraud class action against Enphase Energy
Enphase investors may seek lead plaintiff status in a securities fraud lawsuit by February 11, 2025, citing market misrepresentation. (Image Credit: AIGenerated)
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