Robbins LLP announced on April 3 that a class action lawsuit has been filed for investors who purchased or acquired Enphase Energy, Inc. securities between April 22, 2025 and October 28, 2025. The firm said the suit concerns allegations that Enphase Energy misled investors about its ability to manage channel inventory and mitigate effects from the termination of the federal tax credit known as the 25D Credit.
The announcement is important for shareholders because it informs them of their potential eligibility to participate in legal proceedings against Enphase Energy. The deadline to submit papers to serve as lead plaintiff is April 20, 2026.
According to Robbins LLP, “during the class period defendants failed to disclose that: (i) Enphase overstated its ability to manage its channel inventory; (ii) Enphase overstated its ability to mitigate effects arising from the termination of the 25D Credit (which allowed homeowners to deduct 30% of costs of clean energy property they install at their homes) on December 31, 2025 instead of December 21, 2032; and (iii) accordingly, Enphase overstated its financial and operational prospects.” The complaint further states that after reporting third quarter results on October 28, management said it expected elevated channel inventory would result in lower battery storage shipments in the fourth quarter and that revenues would be negatively impacted by expiration of the tax credit. Following this news, shares fell $5.56 per share or over fifteen percent.
Robbins LLP explained how shareholders can get involved: “You may be eligible to participate in the class action against Enphase Energy, Inc. Shareholders who wish to serve as lead plaintiff for the class must submit their papers to the court by April 20, 2026.” The firm added that participation is not required for recovery and representation will be on a contingency fee basis with no fees or expenses charged upfront.
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Looking ahead, Robbins LLP encourages affected shareholders seeking updates about settlements or executive actions at public companies like Enphase Energy Inc. “To be notified if a class action against Enphase Energy, Inc. settles or receive free alerts when corporate executives engage in wrongdoing,” interested parties can sign up for Stock Watch.
