Enphase Energy Shareholders Seek Compensation for Losses

Robbins LLP Investigating Allegations of Misleading Investors About Channel Inventory and Tax Credit Impacts

Published on Mar. 2, 2026

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A class action lawsuit has been filed on behalf of Enphase Energy, Inc. (NASDAQ: ENPH) shareholders who purchased securities between April 22, 2025 and October 28, 2025. The lawsuit alleges that Enphase misled investors about its ability to manage channel inventory and the impact of the expiration of a tax credit on its financial and operational prospects.

Why it matters

Enphase is a major player in the solar energy technology industry, and allegations of misleading investors could have significant implications for the company and its shareholders. The case highlights the importance of transparency and accurate disclosures for publicly traded companies.

The details

According to the complaint, Enphase failed to disclose that it had overstated its ability to manage its channel inventory, and that the expiration of the 25D tax credit on December 31, 2025 instead of December 21, 2032 would negatively impact its revenues. On October 28, 2025, Enphase reported its Q3 2025 results, including expectations of elevated channel inventory and lower battery storage shipments in Q4 2025, as well as the negative impact of the 25D credit expiration on Q1 2026 revenues. This news caused Enphase's stock price to fall 15.15% on October 29, 2025.

  • The class period is from April 22, 2025 to October 28, 2025.
  • On October 28, 2025, Enphase reported its Q3 2025 results.
  • On October 29, 2025, Enphase's stock price fell 15.15% on the news.

The players

Enphase Energy, Inc.

A global energy technology company focusing on solutions for solar generation, storage, and communication.

Robbins LLP

A law firm representing the plaintiffs in the class action lawsuit against Enphase Energy.

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What they’re saying

“Robbins LLP reminds stockholders that a class action was filed on behalf of all investors who purchased or otherwise acquired Enphase Energy, Inc. (NASDAQ: ENPH) securities between April 22, 2025 and October 28, 2025.”

— Robbins LLP (PR Newswire)

What’s next

Shareholders who wish to serve as lead plaintiff for the class must submit their papers to the court by April 20, 2026.

The takeaway

This case highlights the importance of accurate and transparent disclosures by publicly traded companies, as well as the potential consequences for shareholders when companies are alleged to have misled investors about their financial and operational prospects.