Enphase Securities Case Heats Up as Firms Push Lead-Plaintiff Bids Before April 20 Deadline

Plaintiffs cite Enphase’s October 2025 disclosures about elevated inventory plus a tax credit lapse as the trigger for losses.

Overview

Robbins Geller announced the Enphase investor action on March 19, identifying Tripathi v. Enphase Energy, Inc., No. 26-cv-01380 in the Northern District of California.
Investors seeking to be lead plaintiff must apply by April 20, 2026, though participation in any recovery does not require serving in that role.
The alleged class period spans April 22, 2025 through October 28, 2025 for purchasers of Enphase securities.
Complaints assert Enphase overstated its ability to manage channel inventory and to offset the impact of the Residential Clean Energy Credit expiration, inflating its prospects.
After the October 28, 2025 earnings disclosures, Enphase shares fell about 15% on October 29, 2025, according to the filings, and multiple firms including KSF and Faruqi are soliciting investors and witnesses.