Levi & Korsinsky said a securities class action is pending in the U.S. District Court for the Northern District of California involving Enphase investors who bought securities between April 22, 2025 and October 28, 2025. ENPH shares fell 15.15% after an October 28, 2025 disclosure that Q4 2025 revenue could be as low as USD 310 million versus analyst estimates above USD 374 million. The complaint alleges Enphase made misstatements about distribution channel inventory levels and its ability to offset the early termination of the 25D Clean Energy Tax Credit. The firm said the court set an April 20, 2026 deadline to seek appointment as lead plaintiff.
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