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ENPH Class Action Notice: Robbins LLP Reminds Investors of the Lead Plaintiff Deadline in the Enphase Energy, Inc. Class Action Lawsuit
Globenewswire· 2026-02-20 21:38
Core Viewpoint - A class action lawsuit has been filed against Enphase Energy, Inc. for allegedly misleading investors about its inventory management and financial prospects during a specific period [1][2]. Group 1: Allegations - The complaint alleges that Enphase overstated its ability to manage channel inventory and mitigate the effects of the termination of the 25D Credit, which allowed homeowners to deduct 30% of clean energy property costs [2]. - The lawsuit claims that these misrepresentations led to an overstatement of Enphase's financial and operational prospects [2]. Group 2: Financial Impact - On October 28, 2025, Enphase reported third-quarter financial results, indicating a weak outlook for 2025 due to elevated channel inventory and anticipated lower battery storage shipments in the fourth quarter [3]. - The expiration of the 25D Credit was expected to negatively impact revenues for the first quarter of 2026, resulting in a stock price drop of $5.56 per share, or 15.15%, closing at $31.14 on October 29, 2025 [3]. Group 3: Class Action Participation - Shareholders wishing to serve as lead plaintiffs in the class action must submit their papers by April 20, 2026, but participation is not required to be eligible for recovery [4].
Founder Group Limited Receives NASDAQ Notification Regarding Minimum Publicly Held Shares Deficiency
Globenewswire· 2026-02-20 21:30
Core Viewpoint - Founder Group Limited has received a notification from Nasdaq indicating non-compliance with listing requirements due to insufficient publicly held shares, but this does not immediately affect trading [1][2]. Group 1: Company Compliance and Nasdaq Notification - The Company was notified on February 17, 2026, that it no longer meets the minimum requirement of 500,000 publicly held shares under Nasdaq Listing Rule 5550(a)(4) [1]. - The Company has until April 3, 2026, to submit a plan to Nasdaq to regain compliance with listing requirements [2]. Group 2: Company Overview - Founder Group Limited specializes in end-to-end Engineering, Procurement, Construction, and Commissioning (EPCC) solutions for solar photovoltaic (PV) facilities in Malaysia [3]. - The Company focuses on large-scale solar projects and commercial and industrial (C&I) solar projects, aiming to promote eco-friendly resources and achieve carbon neutrality [3].
Nextpower (NXT) Announces Multi-Year Supply Agreement With Jinko Solar for Gigawatt-Scale Steel Frames
Yahoo Finance· 2026-02-20 17:13
Nextpower Inc. (NASDAQ:NXT) is one of the best new tech stocks to invest in now. On February 17, Nextpower announced a multi-year supply agreement with Jinko Solar (US) Industries Inc. to provide gigawatt-scale steel solar module frames. Under the terms of the deal, Nextpower will supply at least 1 GW of steel frames, with the potential to scale up to 3 GW over three years. These components will support Jinko Solar’s manufacturing operations at its Jacksonville, Florida facility, with production slated to ...
SolarEdge Stock Is Surging: What's Going On Today?
Benzinga· 2026-02-20 17:02
SolarEdge Technologies stock is surging to new heights today. What’s driving SEDG stock higher?SolarEdge Outperforms Tech Sector With Bullish TrendsToday, SolarEdge Technologies is putting in a strong performance, easily outpacing much of the technology sector, which is up 0.59%. The move also lines up with broader market strength, with both the Nasdaq and S&P 500 trading higher. The stock's momentum appears to be driven by improving technical signals and a renewed wave of bullish sentiment across tech.Sola ...
ENPH SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Reminds Enphase (ENPH) Investors of Securities Class Action Deadline on April 20, 2026
Prnewswire· 2026-02-20 14:56
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential securities class action claims against Enphase Energy, Inc. due to allegations of false and misleading statements regarding the company's financial and operational prospects [1] Group 1: Allegations Against Enphase - The complaint alleges that Enphase overstated its ability to manage channel inventory [1] - It is claimed that Enphase overstated its ability to mitigate effects from the termination of the 25D Credit [1] - The company is accused of making materially false and misleading public statements regarding its financial and operational prospects [1] Group 2: Financial Impact - On October 28, 2025, Enphase reported weak financial results for Q3 2025, indicating elevated channel inventory and lower battery storage shipments expected for Q4 2025 [1] - The expiration of the residential solar investment tax credit is anticipated to negatively impact revenues for Q1 2026 [1] - Following the earnings report, Enphase's stock price fell by $5.56 per share, or 15.15%, closing at $31.14 per share on October 29, 2025 [1] Group 3: Legal Proceedings - Investors who suffered losses exceeding $50,000 between April 22, 2025, and October 28, 2025, are encouraged to contact Faruqi & Faruqi to discuss their legal rights [1] - The deadline to seek the role of lead plaintiff in the class action is April 20, 2026 [1] - Any member of the putative class may move the Court to serve as lead plaintiff or remain an absent class member without affecting their ability to share in any recovery [1]
First Solar to Release Q4 Earnings: What's in Store for the Stock?
ZACKS· 2026-02-20 14:25
Key Takeaways FSLR's Q4 EPS is projected to rise 43% YoY, with revenues expected to increase 3.9%.FSLR may benefit from its new Louisiana plant and up to $391M in 45X tax credit proceeds.FSLR is expected to face tariff-driven cost pressures and softer Malaysia, Vietnam output in Q4.First Solar (FSLR) is scheduled to release fourth-quarter 2025 results on Feb. 24, after market close. The company delivered a negative earnings surprise of 1.9% in the last reported quarter. Let’s discuss the factors that are li ...
FTC Solar to Announce Fourth Quarter and Full Year 2025 Financial Results Thursday, March 5, 2026
Globenewswire· 2026-02-20 13:01
Core Viewpoint - FTC Solar, Inc. is set to report its fourth quarter and full year 2025 financial results on March 5, 2026, before market open [1] Group 1: Financial Reporting - The financial results will be discussed in a conference call scheduled for 8:30 a.m. E.T. on the same day [2] - The conference call will be accessible via webcast on the FTC Solar corporate website, with a replay available for 30 days [2] Group 2: Company Overview - FTC Solar, Inc. was founded in 2017 by veterans of the renewable energy industry and specializes in solar tracker systems, technology, software, and engineering services [3] - The company's solar trackers enhance energy production by optimizing solar panel orientation, offering a competitive installation cost-per-watt advantage [3]
FTC Solar to Announce Fourth Quarter and Full Year 2025 Financial Results Thursday, March 5, 2026
Globenewswire· 2026-02-20 13:01
Core Viewpoint - FTC Solar, Inc. is set to report its fourth quarter and full year 2025 financial results on March 5, 2026, before market open [1] Group 1: Financial Reporting - The financial results will be discussed in a conference call scheduled for 8:30 a.m. E.T. on the same day [2] - The conference call will be accessible via webcast on the FTC Solar corporate website, with a replay available for 30 days [2] Group 2: Company Overview - FTC Solar, Inc. was founded in 2017 by veterans of the renewable energy industry and specializes in solar tracker systems, technology, software, and engineering services [3] - The company's solar trackers enhance energy production by optimizing solar panel orientation, offering a competitive installation cost-per-watt advantage [3]
IDRCL settles two insolvency cases, first since inception
The Economic Times· 2026-02-20 04:25
Core Insights - IDRCL has successfully redeemed security receipts (SRs) for two companies, Metenere and Helios Photo Voltaic, marking its first resolutions since operations began in 2022 [9] - The total recovery amount distributed among banks from these cases is approximately Rs 330 crore [9] Group 1: Metenere Case - IDRCL acquired Rs 4,879 crore of total debt in Metenere for Rs 257 crore, resulting in a 95% haircut [5] - A final resolution plan of Rs 295 crore was achieved through competitive bidding, leading to a recovery of Rs 251 crore distributed to banks [2][9] - Major beneficiaries of the recovery include State Bank of India (38%), Bank of Baroda (16%), and Punjab National Bank (11%) [9] Group 2: Helios Case - NARCL acquired Rs 2,058 crore of debt for just Rs 62 crore, resulting in a 97% haircut [6][10] - The recovery amount for Helios was Rs 92 crore, which is 4.5% of the total debt [6][10] - Major beneficiaries in this case include Punjab National Bank (75% of the debt) and State Bank of India (20%) [10] Group 3: Operational Context - NARCL and IDRCL were established to address complex recovery cases that traditional banks struggled to resolve [7][10] - Legal complexities, such as lifting a Supreme Court stay and initiating a new insolvency process, were significant challenges in the Helios case [7][10]
Pomerantz Law Firm Announces the Filing of a Class Action Against Enphase Energy, Inc. and Certain Officers - ENPH
Prnewswire· 2026-02-20 00:29
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].