BATON ROUGE, La., Aug. 15, 2018 /PRNewswire/ -- Prescience
Point Capital Management ("Prescience Point"), a private investment
manager that focuses on investigations of public companies,
published a negative follow-up report today supporting its short
position on Enphase Energy, Inc. (NASDAQ: ENPH), a maker of
microinverter systems for residential and commercial use based in
Petaluma, CA.
Since the release of its initial report on Enphase, Prescience
Point has identified numerous additional red flags which further
call into question the reliability of the company's financial
statements. Prescience Point continues to believe that
Enphase shares are currently worth about $1.00 on a fundamental basis.
Click here to download Prescience Point's update on Enphase.
Prescience Point has a short position in Enphase and stands to
benefit if its share price falls.
About Prescience Point Capital Management
Prescience
Point Capital Management is a private investment manager that
employs forensic investigative techniques to unearth significant
mispricings in global markets. The firm specializes in extensive
investigations of difficult-to-analyze public companies in order to
uncover significant elements of the business that have been
overlooked or ignored by others. Their publicly-available research
focuses on exposing corporate wrongdoing and has been followed by
resignations of auditors, CEOs and CFOs, earnings restatements, SEC
investigations and stock delistings.
Prescience Point manages private funds on behalf of clients and
principals and takes positions both long and short in support of
their research. The firm invests across a broad set of equities
that they believe have abnormally large disparities between what
their underlying businesses are intrinsically worth and what their
securities sell for.
The firm was founded by investor Eiad
Asbahi in 2009 and is headquartered in Baton Rouge, LA. Prescience Point Capital
Management is a registered investment advisor with the State of Louisiana a member of the Financial
Industry Regulatory Authority, CRD number 152721. For updates
follow Prescience Point on Twitter @PresciencePoint
Disclaimer
THIS RELEASE EXPRESSES SOLELY PRESCIENCE
POINT CAPITAL MANAGEMENT'S OPINIONS. Use Prescience Point's
research opinions at your own risk. This is not investment advice
nor should it be construed as such. You should do your own research
and due diligence before making any investment decisions with
respect to the securities covered herein. Forward-looking statement
and projections are inherently susceptible to uncertainty and
involve many risks (known and unknown) that could cause actual
results to differ materially from expected results. You should
assume we have a short interest in Enphase Energy stock and
therefore stand to realize significant gains in the event that the
price of such instrument declines. Please refer to our full
disclaimer located on the last page of our research report (linked
herein).
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SOURCE Prescience Point Capital Management