The analysis company Jefferies has upgraded SMA Solar from “Hold” to “Buy” and raised the price target from 22 to 39 euros.
After a day’s break, SMA Solar shares reached another annual high on Wednesday. At 33.80 euros, the solar technology specialist’s papers cost more than they have since June 2024. Ultimately, it went up 13.78 percent to 34.84 euros on XETRA. Your price gain in the current year is now 149 percent.
Analyst Constantin Hesse from the investment house Jefferies set a price target of 39 euros in his buy recommendation the evening before, which was only just below the 40 euros of his Metzler colleague from the previous week. Hesse praised the return to profitability in North Hesse. The worst is probably over, he wrote – especially with a view to the weak business with home and commercial systems.
Like other colleagues, he bases his optimism primarily on continued strong order intake in the large-scale sector – i.e. the large-scale plant segment – as well as cost-cutting measures.
The shares of SMA Solar are currently in the process of erasing the deep notch in the price chart after a profit warning in June 2024. Before that they cost around 41 euros. At the record in summer 2023 it was almost 113 euros.
FRANKFURT (dpa-AFX)
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