Enphase Energy Investors Notified of Class Action Lawsuit

Berger Montague law firm alleges Enphase overstated ability to manage inventory and mitigate revenue pressure

Mar. 16, 2026 at 3:08pm

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National plaintiffs' law firm Berger Montague PC has announced a class action lawsuit against Enphase Energy, Inc. on behalf of investors who purchased or acquired Enphase securities between April 22, 2025 and October 28, 2025. The lawsuit alleges that Enphase overstated its ability to manage channel inventory and misrepresented its ability to mitigate revenue pressure from the expiration of the Residential Clean Energy Credit.

Why it matters

The lawsuit highlights growing concerns from investors about Enphase's financial reporting and ability to navigate regulatory changes that could impact its residential solar and battery storage business. The stock price drop following Enphase's Q3 2025 earnings report suggests the alleged issues had a material impact on shareholder value.

The details

The lawsuit alleges that Enphase, a California-based provider of residential solar and battery storage technology, made misleading statements about its inventory management and ability to offset the impact of the expiration of the Residential Clean Energy Credit. This allegedly led to inflated financial outlook and growth expectations. The corrective disclosure occurred on October 28, 2025, when Enphase warned of weaker Q4 battery shipments and the adverse impact of the 25D Credit expiration on early 2026 revenues.

  • The class period is from April 22, 2025 through October 28, 2025.
  • The investor deadline to seek lead plaintiff status is April 20, 2026.
  • Enphase released Q3 2025 results on October 28, 2025, leading to a 15.15% stock price drop the next day.

The players

Enphase Energy, Inc.

A California-based provider of residential solar and battery storage technology solutions.

Berger Montague PC

A national plaintiffs' law firm that has filed the class action lawsuit against Enphase on behalf of investors.

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What they’re saying

“Investors who purchased Enphase securities during the Class Period may, no later than April 20, 2026, seek to be appointed as a lead plaintiff representative of the class.”

— Andrew Abramowitz, Attorney, Berger Montague

“Caitlin Adorni”

— Caitlin Adorni, Attorney, Berger Montague

What’s next

The judge will decide by April 20, 2026 whether to allow investors to serve as lead plaintiffs in the class action lawsuit against Enphase.

The takeaway

This lawsuit underscores the importance of accurate financial reporting and transparency, especially for companies in the renewable energy sector that are impacted by regulatory changes. Investors will be closely watching how Enphase responds to the allegations and whether the company can regain their trust.