LOS ANGELES–(BUSINESS WIRE)–$ENPH #ENPH—The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Enphase Energy, Inc. (“Enphase” or “the Company”) (NASDAQ: ENPH) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Enphase is the subject of a short seller report published by Prescient Point Capital Management on June 17, 2020. The report alleges that the Company faked $205.3 million in sales, or 39% of its reported U.S. revenue. Among the report’s other allegations is that the Company reported reduction in unit costs that would be nearly impossible and potentially inappropriate stock trading by executives and officers. Based on this report, shares of Enphase traded down 26% on the same day.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at firstname.lastname@example.org.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.