Pomerantz Law Firm Announces the Filing of a Class Action Against Enphase Energy, Inc. and Certain Officers - ENPH

Core Viewpoint - A class action lawsuit has been filed against Enphase Energy, Inc. and certain officers for alleged violations of federal securities laws during the Class Period from April 22, 2025, to October 28, 2025, seeking damages for misleading statements regarding the company's business and financial prospects [1]. Company Overview - Enphase Energy, Inc. is a global energy technology company founded in March 2006, focusing on solar generation, storage, and communication solutions [1]. - The company partners with solar and battery financing companies to offer third-party ownership arrangements for solar and battery products to homeowners [1]. Financial Context - Enphase reported "safe harbor revenue," defined as sales made to customers planning to install its products over more than a year [1]. - The Residential Clean Energy Credit allowed homeowners to deduct 30% of costs for clean energy property installed at their homes, which was set to terminate on December 31, 2025, instead of December 31, 2032, as originally enacted [1]. Allegations in the Lawsuit - The lawsuit alleges that Enphase made materially false and misleading statements regarding its ability to manage channel inventory and mitigate the effects of the termination of the 25D Credit, leading to an overstatement of its financial and operational prospects [1]. - Specific allegations include that Enphase overstated its ability to manage inventory and its financial outlook, resulting in misleading public statements throughout the Class Period [1]. Stock Market Reaction - Following the announcement of its third-quarter financial results on October 28, 2025, Enphase's stock price fell by $5.56 per share, or 15.15%, closing at $31.14 per share on October 29, 2025, due to concerns over elevated channel inventory and the impact of the 25D Credit expiration on future revenues [1].