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 July 21, 2025

InstitutAnalystLocationRecommendationTarget price in EuroDate
BerenbergLasse StübenLondon, UKHold22 €2025-07-09
Deutsche BankMengxian SunFrankfurt, DEHold16 €2025-04-01
DZ BankThorsten ReigberFrankfurt, DESell14 €2025-07-17
JefferiesConstantin HesseLondon, UKHold16 €2025-07-17
MetzlerGuido HoymannFrankfurt, DEHold17 €2025-07-21
Oddo BHFAnis ZgayaParis, FRNeutral17 €2025-05-09
TD CowenJeffrey OsborneStamford, USHold15 €2025-07-18

Consensus1

KPIs in Mio€H1 2023
rep.
H1 2024
rep.
H1 2025eQ2 2025e
BottomTopBottomTop
Sales779759680352
652696324368
EBITDA1258121-4
737-1812
EBIT10656-8-19
-228-33-3
KPIs in m€FY 2023
rep.
FY 2024
rep.
FY 2025eFY 2025
Guidance
FY 2026e
BottomTopBottomTop
Sales1,9041,5301,500in the lower third of1,542
1,4851,5071,5001,6501,3801,642
EBITDA311-1672in the lower third of125
658370110116135
EBIT270-9310in the lower third of62
-2280504681

1 The consensus is based on the midpoint of six 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.