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

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "NEW YORK, August 15, 2020 (GLOBE NEWSWIRE) – Pomerantz LLP is investigating claims on behalf of investors in Enphase Energy, Inc.. ("Enphase Energy" or the "Company") (NASDAQ: ENPH). It is recommended that such investors contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
"data-reactid =" 12 "> NEW YORK, August 15, 2020 (GLOBE NEWSWIRE) – Pomerantz LLP is investigating claims on behalf of investors from Enphase Energy, Inc.. ("Enphase Energy" or the "Company") (NASDAQ: ENPH). It is recommended that such investors contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529 extension 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 = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "(Click here for information on how to participate in the class action.)"data-reactid =" 14 ">(Click here for information on how to participate in the class action.)

On June 17, 2020, analyst Prescience Point Capital Management ("Prescience Point") published 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 2019," and further claims that "based on testimony from former employees and other solar industry participants, that Company apparently increased its revenue. International sales are also evident. 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 – fiction are. "

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 recognized as one of the leading law firms in corporate, securities and antitrust litigation. Founded by the late Abraham L. Pomerantz, best known as the dean of class action Pomerantz Firm Today, more than 80 years later, Pomerantz continues its tradition continues to fight for the rights of victims of securities fraud, fiduciary violations and corporate misconduct. The company has recovered from numerous millions of dollars in damages paid 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 = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 extension 7980 "data-reactid =" 22 ">CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980

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