SMA Solar Technology: Still A Buy, But More Conservative Outlook
Source: SeekingAlpha
2025-04-02 08:00:00 ET
Summary
- SMA Solar Technology faces new challenges like potential US import tariffs but holds a strong position in the utility-scale inverter market.
- Despite a 19.6% YoY revenue drop in FY24, SMA's restructuring aims for €200 million EBIT improvement by FY27, with €80 million expected by FY25.
- German fiscal stimulus and increased demand for utility-scale PV systems present growth opportunities, but oversupply and competition pose risks.
- DCF analysis indicates a target price of €20.51 per share, suggesting a 35% upside, justifying a "buy" rating despite lowering from €23.75.
Since my last article on SMA Solar Technology (SMTGF)(SMTGY), although only a few months have passed, it feels like years from a geopolitical perspective. The company faces new challenges, such as the potential imposition of import tariffs in the US, but also new opportunities, such as Germany's expansive fiscal policy ....
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SMA Solar Technology: Still A Buy, But More Conservative Outlook
Sma Solar Technology ADR
NASDAQ: SMTGY
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