Multiple prominent law firms including Rosen Law Firm, Pomerantz LLP, and Robbins Geller Rudman & Dowd LLP have initiated securities class actions against Enphase Energy. The lawsuits allege that the company made significant financial misrepresentations and failed to provide transparent investor communications during the class period from April 25, 2023 to October 22, 2024. Investors have been urged to seek legal counsel ahead of key deadlines amid mounting concerns over corporate disclosures.

Enphase Energy announced layoffs affecting about 500 employees and contractors, representing roughly 17% of its global workforce. The decision comes as the solar market continues to face significant challenges, prompting a restructuring that includes consolidating manufacturing operations globally.

Enphase Energy announced plans to cut its global workforce by approximately 17%, affecting around 500 employees and contractors. The decision is part of a broader restructuring initiative in response to declining residential solar demand, with expected restructuring and asset impairment charges of $17-$20 million, largely incurred in Q4 2024.

Enphase Energy released its 2023 Environmental, Social, and Governance report on May 15, 2024, detailing its significant achievements in clean energy production, expansion of its installer network, and a partnership with GRID Alternatives to bring solar installations to over 10,000 low and moderate income households. The report underscores the company’s commitment to sustainable practices and community empowerment.

According to OpenSecrets data, Enphase Energy reported modest political contributions of $11,644 and no federal lobbying or outside spending during the 2024 election cycle, indicating limited direct political engagement.

Enphase Energy has published its Supplier Code of Conduct, a comprehensive policy outlining ethical business practices, strong labor rights, and environmental responsibility across its supply chain. The Code demands safe working conditions, respect for human rights, and strict adherence to internationally recognized standards, reinforcing the company's commitment to ethical sourcing and worker protection.

Enphase Energy announced a $60 million investment to establish its first US-based contract manufacturing facility, which is projected to create 1,800 jobs across the United States, including 600 in South Carolina. The move was highlighted by President Biden as a key example of Bidenomics in action, reinforcing domestic job creation and economic revitalization.

Enphase Energy, in partnership with Flex, announced the addition of six new U.S. manufacturing lines for solar equipment, a move expected to create approximately 1,800 jobs nationwide, including 600 in South Carolina. The project, highlighted during President Biden's visit, is attributed to incentives from the Inflation Reduction Act under the 'Bidenomics' framework.

Enphase Energy, through its partnership with contract manufacturer Flex, is expanding its U.S. manufacturing capability by developing a new facility in South Carolina, expected to create 600 jobs at this site (with additional facilities planned), and investing nearly $60 million overall in domestic production. The move has been publicly lauded by President Biden as a part of his broader clean energy and job creation initiatives.

OpenSecrets data indicates that Enphase Energy spent $0 on lobbying in 2021, suggesting the company did not engage in corporate political spending or influence that could support authoritarian agendas.