EQS-News: SMA responds to inaccurate and misleading report by NINGI Research

EQS-News: SMA Solar Technology AG / Key word(s): Statement
SMA responds to inaccurate and misleading report by NINGI Research

18.12.2023 / 19:30 CET/CEST
The issuer is solely responsible for the content of this announcement.


SMA responds to inaccurate and misleading report by NINGI Research

Niestetal, December 18, 2023 – With this statement published today, SMA
Solar Technology AG (SMA/ISIN: DE000A0DJ6J9/FWB: S92) comments on a report
issued by NINGI Research (“Ningi”).

The report contains a number of inaccurate allegations about SMA’s reporting
practices. Ningi’s assertions completely lack merit and are misleading to
the public and in particular investors and analysts. As a short seller,
Ningi stands to profit from a decline in SMA’s stock price.

SMA reports its financial figures in accordance with international reporting
standards (IFRS) and adheres to the highest standards of corporate

About SMA

As a leading global specialist in photovoltaic and storage system
technology, the SMA Group is setting the standards today for the
decentralized and renewable energy supply of tomorrow. SMA’s portfolio
contains a wide range of efficient PV and battery inverters, holistic system
solutions for PV and battery-storage systems of all power classes,
intelligent energy management systems and charging solutions for electric
vehicles and power-to-gas applications. Digital energy services as well as
extensive services up to and including operation and maintenance services
for PV power plants round off SMA’s range. SMA inverters with a total output
of more than 135 gigawatts have been installed in more than 200 countries
worldwide. They help avoid the emission of around 63 million tons of CO2e
annually. SMA’s multi-award-winning technology is protected by more than
1,600 patents and utility models. Since 2008, the Group’s parent company,
SMA Solar Technology AG, has been listed on the Prime Standard of the
Frankfurt Stock Exchange (S92) and is listed in the MDAX index and TecDAX

SMA Solar Technology AG

Sonnenallee 1

34266 Niestetal


Press Contact:

Dagmar Buth-Parvaresh

Tel.+49 561 9522 421414


Investor Relations Contact:

Viona Brandt

Tel. +49 175 93 93 320



This press release serves only as information and does not constitute an
offer or invitation to subscribe for, acquire, hold or sell any securities
of SMA Solar Technology AG (the “Company”) or any present or future
subsidiary of the Company (together with the Company, the “SMA Group”) nor
should it form the basis of, or be relied upon in connection with, any
contract to purchase or subscribe for any securities in the Company or any
member of the SMA Group or commitment whatsoever. Securities may not be
offered or sold in the United States of America absent registration or an
exemption from registration under the U.S. Securities Act of 1933, as

This press release can contain future-oriented statements. Future-oriented
statements are statements which do not describe facts of the past. They also
include statements about our assumptions and expectations. These statements
are based on plans, estimations and forecasts which the Managing Board of
SMA Solar Technology AG (SMA or company) has available at this time.
Future-oriented statements are therefore only valid on the day on which they
are made. Future-oriented statements by nature contain risks and elements of
uncertainty. Various known and unknown risks, uncertainties and other
factors can lead to considerable differences between the actual results, the
financial position, the development or the performance of the corporation
and the estimates given here. These factors include those which SMA has
discussed in published reports. These reports are available on the SMA
website at www.SMA.de. The company accepts no obligation whatsoever to
update these future-oriented statements or to adjust them to future events
or developments.


18.12.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Phone: +49 (0)561 / 9522 - 0
Fax: +49 (0)561 / 9522 - 100
E-mail: info@sma.de
Internet: www.sma.de
Indices: MDAX, TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard);
Regulated Unofficial Market in Berlin, Dusseldorf,
Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1799437

End of News EQS News Service

1799437 18.12.2023 CET/CEST