INVESTOR ALERT

Law Offices of Howard G. Smith Announces Investigation of Enphase Energy, Inc. (ENPH) on Behalf of Investors

Law Offices of Howard G. Smith announces an investigation on behalf of Enphase Energy, Inc. (“Enphase” or the “Company”) (NASDAQ: ENPH) investors concerning the Company’s possible violations of federal securities laws.

On April 4, 2024, Enphase disclosed that its Executive Vice President and Chief Commercial Officer would be stepping down from his position due to “personal reasons.” On this news, Enphase’s stock price fell $8.51, or 7%, to close at $112.27 per share on April 5, 2024, thereby injuring investors.

Then, on April 23, 2024, Enphase released its first quarter 2024 financial results, revealing a 34% decrease in revenue due to “seasonality and a further softening in U.S. demand” while the Company “continued to reduce shipments to manage channel inventory.” On this news, Enphase’s stock price fell $6.31, or 5.6%, to close at $107.17 per share on April 24, 2024, thereby injuring investors further.

If you purchased Enphase securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at [phone] or by email to [e-mail], or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240503425873/en/

The Enphase Energy Stock at the time of publication of the news with a raise of +2,93 % to 101,8USD on Tradegate stock exchange (03. Mai 2024, 14:47 Uhr).