SMA Solar rises after Jefferies upgrades to 'hold'

Sma Solar Technology AG

04/09/2025 09:29

** Shares in SMA Solar S92G.DE rise around 6%, recovering some of their weekly losses, after Jefferies upgrades the German solar power parts supplier to "hold" from "underperform"

** The broker points to the share price correction after Monday's profit warning; stock slumped 30% on Monday and is down 25% WTD

** It also anticipates SMA to continue benefiting from solid large scale projects demand, though growth is slowing due to regulatory uncertainty

** Jefferies notes as well potential upside from the U.S., protectionist measures against SMA's Chinese competitors and continued pickup in European large scale installations

** It adds that SMA's balance sheet remains "robust" at 135 million euros in net cash as of H1

 (Reporting by Emanuele Berro)

 ((emanuele.berro@thomsonreuters.com))