SMA Solar falls after SolarEdge downbeat Q1 revenue forecast
21/02/2024 07:33
** Shares in German solar power equipment maker SMA Solar
Technology S92G.DE fall 6% in early trade, with an analyst
pointing to a read-across from peer SolarEdge Technologies
SEDG.O , which forecast Q1 revenue below estimates
** The U.S. renewable energy firm sees Q1 revenue between
$175 mln and $215 mln vs estimates of $406.3 mln - LSEG data
** SMA Solar is at the bottom of the German mid-cap index
.MDAXI and is down 14% YTD
(Reporting by Paolo Laudani)
((Paolo.Laudani@thomsonreuters.com))