'SMA seems to have weathered the worst,' Jefferies ups to 'buy'

Sma Solar Technology AG

19/11/2025 07:40

** Shares in SMA Solar S92G.DE are up 5% in early Frankfurt trade after Jefferies upgrades its rating on the German solar energy equipment supplier to "buy" from "hold"

** The brokerage expects cost savings combined with the elevated order intake in the company's large scale division to drive a material pick-up in profitability over the next couple of year

** "SMA seems to have weathered the worst" - Jefferies

** It expects momentum in large scale division to remain robust into 2026 driven by rising electricity demand and the integration of storage

** The firm's move to produce more in the U.S. helps mitigate the impact of tariffs and trade restrictions and better comply with local content requirements, it adds

** Up to Tuesday's close, shares rose 126% YTD

(Reporting by Paolo Laudani in Gdansk)

((Paolo.laudani@thomsonreuters.com))