Uncertainties in order, FCF situation drag SMA Solar down
08/08/2024 09:55
(Updates headline, first bullet, share move, adds analyst
comments)
** Shares in SMA Solar S92G.DE fall 8% after opening in
positive territory
** The company posted results ahead of expectations today
and confirmed the lower 2024 outlook already announced in June
** Some investors might be taking advantage of the slightest
increase to exit the stock, say Anis Zgaya of Oddo
** He points to reasons such as uncertainties that still
weigh on demand in the two residential and commercial segments
and to an impact from weakening US economy
** The unchanged order situation and free cash flow could
weigh on shares, analysts at Jefferies and JPM say
** Other headwinds for the stock could come from a
Metzler downgrade to "Hold" from "Buy," says a trader
($1 = 0.9145 euros)
(Reporting by Paolo Laudani)
((Paolo.laudani@thomsonreuters.com))