Enphase(US:ENPH) Prnewswire·2026-03-02 01:10Core Viewpoint - Enphase Energy, Inc. is facing a class action lawsuit due to allegations of misleading statements regarding its financial and operational prospects, particularly related to inventory management and the impact of the expiration of the Residential Clean Energy Credit [1][1]. Summary by Relevant Sections Class Action Lawsuit Details - The class action lawsuit is titled Tripathi v. Enphase Energy, Inc., and it involves investors who purchased Enphase Energy securities between April 22, 2025, and October 28, 2025 [1]. - Investors have until April 20, 2026, to seek appointment as lead plaintiff in the lawsuit [1]. Allegations Against Enphase Energy - The lawsuit alleges that Enphase Energy overstated its ability to manage channel inventory and mitigate the effects of the termination of the Residential Clean Energy Credit [1]. - It is claimed that these misrepresentations led to an overstatement of the company's financial and operational prospects [1]. - On October 28, 2025, Enphase Energy reported financial results indicating that elevated channel inventory would lead to lower battery storage shipments in Q4 2025, and the expiration of the 25D Credit would negatively impact revenues in Q1 2026 [1]. - Following this announcement, Enphase Energy's stock price fell by more than 15% [1]. Lead Plaintiff Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Enphase Energy securities during the class period to seek appointment as lead plaintiff [1]. - The lead plaintiff represents the interests of all class members and can select a law firm to litigate the case [1]. About Robbins Geller - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder rights litigation, having recovered over $916 million for investors in 2025 alone [1]. - The firm has a strong track record, recovering $8.4 billion for investors over the past five years [1].