Enphase Energy, Inc. reported that it entered into a Tax Credit Transfer Agreement on June 15, 2026, with an unnamed “leading financial institution” as purchaser. The agreement covers the sale of up to $150.0 million of advanced manufacturing production tax credits expected to be generated under Section 45X of the Internal Revenue Code. The credits relate to Enphase’s production of certain eligible components in the United States and the sale of those components to third parties during calendar year 2026. Under the agreement, the purchaser will pay Enphase up to $139.5 million for the credits, implying a maximum purchase price equal to about 93% of the face amount of the tax credits. Payments are expected to be made in four installments during 2026 and 2027. Each installment is subject to customary closing conditions, including that Enphase is not in default and that the company’s representations and warranties remain accurate at the applicable payment date. The filing was made under Item 8.01, “Other Events,” and does not report an equity issuance, insider transaction, option exercise, share sale, or change in ownership. Instead, it discloses a financing-related tax credit monetization arrangement that could provide Enphase with cash proceeds tied to U.S. manufacturing activity. Enphase also included standard forward-looking statement language, noting that its expectations about generating the tax credits and receiving related payments involve risks and uncertainties. The report was signed on June 18, 2026, by Mandy Yang, Executive Vice President and Chief Financial Officer.