A class action lawsuit has been filed against Enphase Energy Inc. on behalf of investors who bought or acquired its securities between April 22, 2025 and October 28, 2025. The complaint alleges the company failed to disclose elevated channel inventory and overstated its ability to offset demand declines tied to the accelerated expiration of the Residential Clean Energy Credit, with shares falling 15.15% on October 29, 2025 after the company cited excess inventory and weaker expected shipments. Investors have until April 20, 2026 to seek appointment as lead plaintiff.

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