Banco Santander Increases Enphase Stake 36.7% as Analysts Raise Price Targets on IQ9
Banco Santander increased its position in Enphase Energy by 36.7%, adding 54,900 shares to hold 204,478 shares. Freedom Capital lifted its price target from $31 to $44 on prospects of IQ9 microinverters and fifth-gen batteries, while Mizuho cited $5–10 million in European sales and a $400 million addressable market.
1. Institutional Stake Increase
Banco Santander S.A. grew its stake in Enphase Energy by 36.7% during the latest quarter, purchasing an additional 54,900 shares to reach a total holding of 204,478 shares. This move highlights significant institutional accumulation in the company’s solar energy business.
2. Analyst Targets and Growth Catalysts
Freedom Capital Markets lifted its Enphase price target from $31 to $44, driven by expected adoption of IQ9 microinverters and fifth-generation battery offerings. Mizuho increased its target to $39, noting $5–10 million in European IQ9 and three-phase microinverter sales in a market worth $400 million, while flagging potential cost headwinds from loan and prepaid leases.