Faruqi & Faruqi Reminds Enphase Investors of April 20 Lead‑Plaintiff Deadline in Securities Case

Overview

• The law firm issued a public notice urging Enphase shareholders to consider seeking appointment as lead plaintiff before the upcoming deadline and to contact the firm with information.
• A federal class action in the Northern District of California alleges the company overstated its ability to control channel inventory, which would affect shipments and sales.
• The suit also claims Enphase overstated its capacity to blunt the hit from the expiration of the Residential Clean Energy Credit, known as the 25D credit.
• Investors point to an earnings update that flagged elevated inventory and weaker battery shipments, after which Enphase shares fell about 15% the next trading day.
• The court will name a lead plaintiff based on financial stake and suitability, and investors do not need that role to take part in any recovery.