Enphase Securities Class Action Hits April 20 Lead-Plaintiff Deadline

Overview

• Investor law firms issued new reminders this week that motions to lead the Enphase case are due by April 20, 2026.
• Filed in the Northern District of California as Tripathi v. Enphase Energy, Inc. (No. 26-cv-01380), the suit covers buyers of Enphase securities from April 22, 2025 through October 28, 2025.
• The complaint alleges Enphase overstated control of channel inventory and its ability to offset the end of a residential clean-energy tax credit, inflating its outlook.
• After Enphase reported on October 28, 2025 that inventory remained high and the expired credit would weigh on near-term sales, the stock fell about 15% the next day to $31.14, according to one filing.
• No class has been certified and investors can remain part of the putative class without serving as lead plaintiff or paying out-of-pocket fees under contingency arrangements.