Enphase Energy, Inc. Securities Lawsuit Investigation

Shamis & Gentile P.A., a law firm that advocates for investors who are victims of securities fraud, is investigating potential claims against Enphase Energy, Inc. (ENPH)

If you purchased or otherwise acquired Enphase Energy securities and suffered losses, you may be eligible to join this securities investigation and seek compensation.

About Enphase Energy

Enphase Energy is a renewable energy technology company that designs and manufactures solar microinverters, battery storage systems, and energy management solutions. Its products are used in residential and commercial solar installations worldwide.

Potential Concerns Under Investigation

Attorneys are reviewing whether Enphase Energy and certain executives made false or misleading statements or failed to disclose material information between April 22, 2025, and October 27, 2025.

On April 22, 2025, Enphase reported quarterly revenue of $356.1 million and disclosed shipments of approximately 1.53 million microinverters and 170.1 MWh of IQ Batteries. The company also referenced $40 million of “safe harbor” revenue for the next quarter, representing shipments booked in advance.

Lawyers are investigating whether these disclosures accurately reflected underlying demand or masked softening market conditions.

On July 22, 2025, Enphase reported second-quarter revenue of $363.2 million. On the earnings call, management said “we haven’t yet seen a material rush related to the expiring 25D homeowner tax credit,” while also discussing the use of “safe harbor” shipments in guidance. Lawyers are reviewing whether these disclosures adequately reflected demand trends, inventory levels, and risks tied to the changing tax credit landscape.

On October 28, 2025, Enphase guided fourth-quarter revenue to $310 to $350 million, below Wall Street’s consensus (~$383 million), and said tariff-related duties were expected to reduce gross margin by about five percentage points; management also described the loss of the U.S. 25D homeowner tax credit as a near-term headwind into early 2026.

The following day, the company’s stock declined approximately 15%, from closing at $36.70 on October 28 to $31.14 on October 29, 2025, resulting in significant losses for investors. Lawyers are investigating whether Enphase adequately disclosed the impact of changing tax incentives, elevated battery and inverter inventories, and demand challenges before issuing lower guidance in October 2025.

Your Rights and Next Steps

Investors who purchased or held Enphase Energy securities between April 2025, and October 27, 2025 may have important rights. This is an ongoing investigation to determine whether a securities class action lawsuit may be warranted. If sufficient evidence of potential securities law violations is found, a class action could be filed on behalf of affected investors.

Lawyers are ready to help investors understand their options and the potential for recovery. Investors are encouraged to gather documentation of their transactions and losses during the class period. By participating in the investigation, investors can ensure their interests are represented and may help shape the outcome of any future legal action.

You May Be Entitled to Compensation

Securities investigations often move quickly, so it is important to take action as soon as possible. If you purchased or otherwise acquired Enphase Energy securities and suffered losses during the class period, you may be eligible to join this investigation and seek compensation.

To learn more about your rights and to participate in the investigation, complete the form below.