SMA Solar tumbles after guidance cut

Sma Solar Technology AG

02/09/2025 08:08

** Shares in German solar manufacturer SMA Solar S92G.DE are down 20.5%, after the company announced changes to its annual guidance and restructuring measures

** The company said on Monday it is now anticipating FY 2025 EBITDA of negative 80 million euros to negative 30 million euros(negative ($93.66 million to negative $35.12 million), from positive 70 million to 80 million euros, citing a deterioration in sales and its home and business solutions(HBS) division

** It added that FY sales are now expected to amount to between 1.45 billion and 1.5 billion euros, below previous guidance of 1.5 billion to 1.55 billion euros

** SMA Solar also expects accruals from restructuring measures totalling approximately 170 million to 220 million euros

** Jefferies sees the warning weighing heavily on the stock, particularly as it pertains to future years

** Share on track for its worst day since 2024-06-19, when it closed 31.1% lower

** Up to the previous session's close, shares were up 65.9%​ YTD

($1 = 0.8542 euros)

 (Reporting by Cian Muenster)

 ((Cian.muenster@thomsonreuters.com))