Germany's SMA Solar 9M sales edge up, order backlog jumps

Overview

• Germany solar technology firm's 9M sales rose slightly yr/yr to €1.16 bln

• Net income for 9M 2026 rose to €98.9 mln from a loss a year earlier

• Order backlog increased to €1.9 bln, reflecting strong demand and new orders

Outlook

• SMA Solar expects 2026 sales between €1,675 mln and €1,725 mln

• Company sees 2026 EBITDA between €205 mln and €230 mln

• Company cites high order backlog and battery storage demand as supporting outlook

Result Drivers

• HOME & BUSINESS DEMAND - Higher demand and new product offerings, especially a three-phase hybrid inverter, drove significant sales and EBIT growth in the Home & Business Solutions division

• ORDER BACKLOG - Significant increase in order backlog, mainly in Large Scale & Project Solutions, supported by higher battery inverter orders and international demand

• ONE-TIME EFFECTS - Utilization of previously written-down inventories and changes to provisions contributed positively to earnings

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the semiconductors peer group is "buy"

• Wall Street's median 12-month price target for SMA Solar Technology AG is €69.00, about 43% above its November 11 closing price of €48.24

• The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 16 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)