Research Analysts

In the following table you will find a list of banks and stock trading companies as well as the names of the analysts who report about the SMA shares on a regular basis.

As of May 26, 2025

InstitutAnalystLocationRecommendationTarget price in EuroDate
BerenbergLasse StübenLondon, UKHold22 €2025-03-12
Deutsche BankMengxian SunFrankfurt, DEHold16 €2025-04-01
DZ BankThorsten ReigberFrankfurt, DESell14 €2025-05-13
JefferiesConstantin HesseLondon, UKHold18 €2025-05-12
MetzlerGuido HoymannFrankfurt, DEHold18 €2025-05-12
Oddo BHFAnis ZgayaParis, FRNeutral17 €2025-05-09
TD CowenJeffrey OsborneStamford, USHold15 €2025-05-08

Consensus1

KPIs in m€FY 2023
rep.
FY 2024
rep.
FY 2025eFY 2025
Guidance
FY 2026eFY 2027e
BottomTopBottomTopBottomTop
Sales1,9041,5301,507in the lower third of1,5471,615
1,4901,5251,5001,6501,4251,6421,5081,718
EBITDA311-1677in the lower third of130151
708370110126135135165
EBIT270-9314in the lower third of6584
528050608168110

1 The consensus is based on the midpoint of five analysts.

Consensus Estimates PDF
Consensus Estimates XLSX

Disclaimer

This list serves only as information and is not an invitation to purchase, hold or sell shares. The company is monitored by n umerous German and international analysts. The following list contains, according to knowledge available to us, the significant Sel l-Side analysts who assess SMA Solar Technology AG (SMA). This list can be incomplete and be changed occasionally. SMA can take no responsibility for a complete account of all analyst reports to be fo und on the market. Opinions, views or forecasts made, estimations and prognoses given by the listed analysts relating to the performance of SMA do not represent the opinions, views, forecasts, estimations and prognoses of SMA or the Board of Directors of SMA, rather express only the opinions, views, forecasts, estimations and prognoses of these analysts. That SMA makes the names of the analysts available does not mean that the company endorses or is in agreement with their reports, conc lusions or recommendations. SMA accepts no liability for the correctness of the account and no obligation for its actualization. Interested parties are obliged to obtain the research reports of the named analysts directly or from their employers. SMA itself does not provide any of these research reports.