Enphase(US:ENPH) Globenewswire·2026-02-24 21:15Core 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 affected investors [1]. Group 1: Lawsuit Details - The lawsuit is filed in the United States District Court for the Northern District of California, seeking remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 [1]. - Investors who acquired Enphase securities during the Class Period have until April 20, 2026, to request appointment as Lead Plaintiff [2]. Group 2: Company Overview - Enphase Energy, founded in March 2006, specializes in solar generation, storage, and communication solutions, partnering with financing companies to offer third-party ownership arrangements for solar and battery products [4]. - The company reported "safe harbor revenue," defined as sales to customers planning to install products over more than a year [4]. Group 3: Tax Credit Context - The Residential Clean Energy Credit allowed homeowners to deduct 30% of costs for clean energy property installed at their homes [5]. - The 25D Credit was set to terminate on December 31, 2025, seven years earlier than originally planned, impacting the financial outlook for Enphase [6]. Group 4: Allegations and Financial Impact - The Complaint alleges that Enphase made materially false and misleading statements regarding its business operations, including overstating its ability to manage channel inventory and mitigate the effects of the 25D Credit termination [7]. - Following the announcement of financial results on October 28, 2025, Enphase's management indicated a weak outlook for 2025, with elevated channel inventory and expected revenue impacts from the 25D Credit expiration [8]. - Enphase's stock price fell by $5.56 per share, or 15.15%, closing at $31.14 per share on October 29, 2025, following the news [9].