Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired Enphase Energy, Inc. (“Enphase”) (NASDAQ: ENPH) common stock between April 25, 2023 and October 22, 2024, inclusive (the “Class Period”).
The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material facts about the company’s business, operations, and prospects. Specifically, Defendants misrepresented and/or failed to disclose that: (1) Enphase’s European business was experiencing severe structural problems due to market saturation, failure to penetrate new markets, and competition from low-cost Chinese alternatives; (2) issues with customer service, installation, and connectivity were causing Enphase to lose business; and (3) as a result of the foregoing, Defendants’ statements about the company’s business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis at all relevant times.
Current Status of Case:
On December 12, 2025, Defendants filed a Motion to Dismiss the Amended Complaint. The Motion is currently being briefed by the parties. This action is ongoing.
For more information on the case and the Motion to Dismiss, please visit our website at https://www.ktmc.com/featured-case/enphase-energy-inc.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.