SMA Solar jumps on Net-Zero Industry Act deal
07/02/2024 11:03
** Shares in German solar power equipment maker SMA Solar
S92G.DE rise 6% after the European Parliament reached an
agreement on the Net-Zero Industry Act
** According to ODDO BHF Securities analyst Anis Zgaya, all
European original equipment manufacturers react positively to
the decision, including SMA Solar which makes photovoltaic
systems
** The agreement sets the objective of reaching 40% of
"critical" green technologies produced in Europe by 2030, Zgaya
says, adding that the so-called strategic green technologies
will be eligible for accelerated permit procedures to build
factories and to benefit from state aid
** German wind turbine maker Nordex NDXG.DE is up 3%,
while Vestas VWS.CO , the world's leading wind turbine maker,
jumps 6% after its Q4 operating profit beat forecasts
(Eva Orsolya Papp)
((evaorsolya.papp@thomsonreuters.com))