On June 17, 2020, Prescience Point Capital Management published a report concerning Enphase Energy, in which Prescience Point wrote that “[a]t least $205.3m of ENPH’s reported FY19 US revenue is fabricated, and a significant portion of its international revenue is fabricated as well.”
Prescience Point further wrote that “Deloitte should launch an in-depth investigation of ENPH’s accounting practices,” and set a target price of“Delisted” for ENPH.
Prescience Point also detailed hundreds of millions of dollars’ worth of insider sales in the last few months. On this news, the stock fell approximately 26% from its June 16, 2020 closing price.
Investors who bought PlayAGS shares between February 26, 2019 and June 17, 2020 may be able to recover some of those losses, and should contact us using the form below.