Enphase Energy Faces Class Action Lawsuit Over Alleged Inflated Stock Prices and Misleading Statements
Fremont, Calif. — A recent lawsuit has positioned Enphase Energy, Inc. at the center of a significant legal battle over its stock prices. Filed on May 29, 2024, the class action suit represents shareholders who allege they purchased company stock at inflated prices between February 7, 2023, and April 25, 2023. The plaintiffs now seek reparations for their claimed losses, citing misleading statements by the company and certain top executives which they argue led to an artificial inflation of stock values. Enphase Energy, recognized globally for its advanced solar generation, storage, and energy management solutions, … Read more