Philadelphia, Pennsylvania--(Newsfile Corp. - February 23, 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.

The Company, headquartered in Fremont, California, is an energy technology company that develops solar microinverters and battery energy storage systems.

The Complaint alleges that throughout the Class Period, Defendants failed to disclose that Enphase was experiencing elevated channel inventory and lacked the ability to adequately manage those levels. The Complaint further alleges that Defendants overstated the Company's ability to offset the anticipated decline in demand stemming from the accelerated expiration of the Residential Clean Energy Credit under Section 25D of the Internal Revenue Code, thereby overstating Enphase's revenue prospects.

On October 28, 2025, Enphase announced its third quarter 2025 results and disclosed that it expected 2025 to conclude on a weak note, citing excess channel inventory and reduced battery shipments in the fourth quarter. Management also stated that the expiration of the 25D Credit would negatively affect first quarter 2026 revenues.

Following this disclosure, Enphase's share price declined $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.

For more information or to discuss your rights, please contact:

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Source: Berger Montague