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SHAREHOLDER WARNING: Pomerantz regulation agency is investigating claims on behalf of buyers in Enphase Power, Inc. – ENPH – Yahoo Finance

<p class = "Artboard-Atom Artboard-Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "NEW YORK, NY / ACCESSWIRE / Aug 8, 2020 / Pomerantz LLP is investigating claims on behalf of investors in Enphase Energy, Inc.. ("Enphase Energy" or the "Company") (NASDAQ: ENPH). These investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, extension 7980. "data-reactid =" 12 ">NEW YORK, NY / ACCESSWIRE / Aug 8, 2020 / Pomerantz LLP is investigating claims on behalf of investors in Enphase Energy, Inc. ("Enphase Energy" or the "Company") (NASDAQ: ENPH). These investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 1. 7980.

The investigation concerns whether Enphase Energy and any of its officers and / or directors have committed securities fraud or other illegal business practices.

<p class = "Artboard-Atom Artboard-Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "(Click here for information on participating in the class action lawsuit.)"data-reactid =" 14 "> (Click here for information on joining the class action.)

On June 17, 2020, analyst Prescience Point Capital Management ("Prescience Point") released a report alleging, among other things, that "the company's SEC filings are fictional". Prescience Point "estimates (d) that at least $ 205.3 million (from Enphase) reported US revenues were fabricated in fiscal year 2019," and further claims that "based on testimony from former employees and other solar industry participants, that Company appears to have increased its revenue. International sales are also significant. We also believe that most, if not all, of the company's huge gross margin increase of 2,080 basis points during (Badrinarayanan) Kothandaraman's tenure as CEO of 18, 4% in the second quarter of 2017 to 39.2% in the first quarter of 2020 is fiction. "

Following the release of the Prescience Point report, Enphase's share price fell $ 13.72 per share, or 26%, to close at $ 39.04 per share on June 17, 2020.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The company Pomerantz with offices in New York, Chicago, Los Angeles and Paris are considered to be one of the leading law firms in corporate, securities and antitrust litigation, founded by the late Abraham L. Pomerantz, known as dean of the class action lawsuit, the Pomerantz Firm pioneering class action lawsuits against securities. Today, more More than 80 years later, Pomerantz continues its tradition of fighting for victims of securities fraud, fiduciary violations and corporate misconduct, and has recovered numerous million dollar damages on behalf of class members www.pomerantzlaw.com. "data-reactid =" 21 "> The Pomerantz company with offices in New York, Chicago, Los Angeles and Paris is one of the leading companies in the fields of corporate, securities and antitrust disputes. Founded by the late Abraham L. Pomerantz, Known as the dean of class action lawsuit, pioneered the field of securities lawsuits. Today, more than 80 years later, the Pomerantz Company continues its tradition of fighting for the rights of victims of securities fraud, fiduciary violations and corporate misconduct Company has reclaimed numerous millions of dollars in damages on behalf of class members, see www.pomerantzlaw.com.

<p class = "Artboard-Atom Artboard-Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "SOURCE: Pomerantz LLP "data-reactid =" 22 ">SOURCE: Pomerantz LLP

View source version on accesswire.com:
https://www.accesswire.com/600833/SHAREHOLDER-ALERT-Pomerantz-Law-Firm-Investigates-Claims-On-Behalf-of-Investors-of-Enphase-Energy-Inc–ENPH

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