NEW YORK, NY / ACCESSWIRE / November 12, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Enphase Energy, Inc. ("Enphase Energy, Inc.") (NASDAQ:ENPH) concerning possible violations of federal securities laws.
On October 22, 2024, Enphase issued a press release announcing its financial results for the third quarter of 2024. Among other items, Enphase reported weaker than expected earnings and revenue, and forecast fourth quarter revenues that fell short of analyst expectations. Guggenheim downgraded Enphase to Sell from Neutral, noting that the Company "is losing share to Chinese competitors who are willing to sell at less than half Enphase's level."
Following this news, Enphase's stock price fell over 14% on October 23, 2024. To obtain additional information, go to:
https://zlk.com/pslra-1/enphase-energy-inc-lawsuit-submission-form-2?prid=111531&wire=1
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212)363-7500.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Tel: (212)363-7500
Fax: (212)363-7171
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SOURCE: Levi & Korsinsky, LLP