Constantin Hesse, an analyst from Jefferies, maintained the Buy rating on SMA Solar Technology (0NIF – Research Report). The associated price target remains the same with €20.00.
Constantin Hesse has given his Buy rating due to a combination of factors, primarily focusing on the strong performance and potential of SMA Solar Technology’s large-scale segment. Despite challenges in the Home and Commercial & Industrial (C&I) sectors, which saw significant revenue declines, the large-scale segment demonstrated robust growth with a 26% increase in revenue to €411.8 million.
The solid order intake of €371 million, driven by the large-scale projects, underscores the company’s ability to capitalize on opportunities in this area, even as other segments face difficulties. Hesse acknowledges the impact of inventory write-downs and restructuring provisions on profitability but emphasizes the potential for recovery and growth, particularly in the large-scale segment, which remains a key driver for the company’s future success.
According to TipRanks, Hesse is an analyst with an average return of -7.8% and a 40.41% success rate. Hesse covers the Industrials sector, focusing on stocks such as Nordex, NEL ASA, and PowerCell Sweden AB.