Philadelphia, Pennsylvania--(Newsfile Corp. - February 20, 2026) - National plaintiffs' law firm Berger Montague PC announces that a class action lawsuit has been filed against Enphase Energy, Inc. (NASDAQ: ENPH) ("Enphase" or the "Company") on behalf of investors who purchased or otherwise acquired Enphase securities during the period from April 22, 2025 through October 28, 2025 (the "Class Period").

Investor Deadline: Investors who purchased Enphase securities during the Class Period may, no later than April 20, 2026, seek to be appointed as a lead plaintiff representative of the class. To learn your rights, CLICK HERE.

Enphase, headquartered in Fremont, California, is a global energy technology company providing solar and battery storage solutions worldwide.

The Complaint alleges that during the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Enphase overstated its ability to effectively manage channel inventory levels; (ii) Enphase overstated its ability to mitigate the business impacts arising from the accelerated termination of the Residential Clean Energy Credit under Internal Revenue Code Section 25D; and (iii) accordingly, Enphase overstated its financial and operational outlook.

According to the lawsuit, the truth was revealed on October 28, 2025, when Enphase reported third quarter 2025 financial results and stated that it expected to end the year on a weak note due to elevated channel inventory and lower battery storage shipments in the fourth quarter. The Company also warned that the expiration of the 25D Credit would negatively impact revenues in the first quarter of 2026.

On this news, Enphase's stock price fell $5.56 per share, or 15.15%, to close at $31.14 per share on October 29, 2025.

If you are an Enphase investor and would like to learn more about this action, CLICK HERE or please contact Berger Montague: Andrew Abramowitz at aabramowitz@bergermontague.com or (215) 875-3015, or Caitlin Adorni at cadorni@bergermontague.com or (267)764-4865.

About Berger Montague
Berger Montague is one of the nation's preeminent law firms focusing on complex civil litigation, class actions, and mass torts in federal and state courts throughout the United States. With more than $2.4 billion in 2025 post-trial judgments alone, the Firm is a leader in the fields of complex litigation, antitrust, consumer protection, defective products, environmental law, employment law, securities, and whistleblower cases, among many other practice areas. For over 55 years, Berger Montague has played leading roles in precedent-setting cases and has recovered over $50 billion for its clients and the classes they have represented. Berger Montague is headquartered in Philadelphia and has offices in Chicago; Malvern, PA; Minneapolis; San Diego; San Francisco; Toronto, Canada; Washington, D.C., and Wilmington, DE.

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Source: Berger Montague