Enphase Investors Face April 20 Deadline to Seek Lead Role in Securities Lawsuit

The case centers on alleged misstatements about inventory control tied to a lapsed home solar tax credit.

Overview

Investor notices published Friday and Saturday highlight the April 20 deadline to seek appointment as lead plaintiff in Tripathi v. Enphase.
The suit in the Northern District of California covers buyers of Enphase stock from April 22 to October 28, 2025.
Plaintiffs allege Enphase overstated control of channel inventory and its ability to blunt the end of the Residential Clean Energy Credit, a program that let homeowners deduct about 30% of clean energy costs.
The complaint cites October 28, 2025 disclosures about elevated inventory and tax credit headwinds, followed by a 15% share drop on October 29.
Robbins LLP, Kahn Swick & Foti through ClaimsFiler, and Faruqi & Faruqi are recruiting investors, while the claims remain unproven and no class is certified.