Jefferies analyst Constantin Hesse upgraded the rating on SMA Solar Technology to a Buy today, setting a price target of €39.00.
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Constantin Hesse has given his Buy rating due to a combination of factors indicating a positive outlook for SMA Solar Technology. The company appears to have overcome its recent challenges, with stabilization in the residential and commercial sectors, and a notable improvement in large-scale projects after a slow start to the year.
While a quick recovery in the residential and commercial sectors is not expected, the ongoing cost-saving measures and strong order intake in large-scale projects are anticipated to significantly enhance profitability in the coming years. With a price-to-earnings ratio of 13.6x for 2026, Hesse has upgraded the stock to a Buy, setting a price target of €39.00.