FRANKFURT (dpa-AFX) – After a brief pause, shares of SMA Solar hit another yearly high on Wednesday. At EUR33.80, the solar technology specialist's stock reached its highest level since June 2024. The stock's gain so far this year now amounts to 149 percent.
Analyst Constantin Hesse from investment firm Jefferies set a price target of EUR39 in his buy recommendation issued the previous evening, coming just below the EUR40 target set by his Metzler colleague last week. Hesse praised the North Hesse-based company's return to profitability. He wrote that the worst appears to be over – especially with regard to the weakening home and commercial systems business.
Like other analysts, Hesse bases his optimism primarily on continued strong order intake in the large-scale segment, as well as cost-cutting measures.
SMA Solar shares are currently recovering from a steep drop in the price chart following a profit warning in June 2024. Prior to that, the stock was trading at around EUR41. At its record high in summer 2023, the price briefly reached almost EUR113.
