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Case Status:    ONGOING    
On or around 12/08/2020 (Date of last review)

Filing Date: June 17, 2020

According to the Complaint, Enphase Energy, Inc. is a global energy technology company that “deliver[s] smart, easy-touse solutions that manage solar generation, storage and communication on one intelligent platform.” The Company asserts that it “revolutionized the solar industry with [its] microinverter technology” and that it “produce[s] a fully integrated solar-plus-storage solution.”

The Complaint alleges that Enphase misrepresented and/or failed to disclose to investors that: (1) its revenues, both U.S. and international, were inflated; (2) the Company engaged in improper deferred revenue accounting practices; (3) the Company’s reported base points expansion in gross margins were overstated; and that (4) as a result of the foregoing, Defendants’ public statements were materially false and misleading at all relevant times.

On November 30, 2020, the Court issued an Order appointing Lead Plaintiff and Counsel.


Sector: Energy
Industry: Alternative Energy
Headquarters: United States


Ticker Symbol: ENPH
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data

"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: N.D. California
DOCKET #: 20-CV-04036
JUDGE: Hon. Beth Labson Freeman
DATE FILED: 06/17/2020
CLASS PERIOD END: 06/17/2020
  1. Block & Leviton LLP (Boston)
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available