Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Enphase ...
Gainey McKenna & Egleston filed a class action lawsuit against Enphase Energy alleging false and misleading statements.Summary
Gainey McKenna & Egleston announced a securities class action lawsuit filed in the United States District Court for the Northern District of California against Enphase Energy, Inc. (NASDAQ: ENPH). The lawsuit concerns purchases of Enphase securities between February 25, 2025, and February 2, 2026. The complaint alleges that Enphase made false and/or misleading statements regarding its ability to manage channel inventory and mitigate the impact of the termination of the Residential Clean Energy Credit. Specifically, the lawsuit claims the company overstated its financial and operational prospects. On October 28, 2025, Enphase reported financial results revealing elevated channel inventory would lower battery storage shipments and the 25D Credit expiration would negatively impact revenues, causing a stock price drop of over 15%.
(Source：Eagletribune)