Jefferies raises target for SMA Solar stock to EUR 90.00

Published on 10/16/2026 at 09:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SMA Solar stock costs EUR 58.80 on October 16, 2026, 3.43 percent above Xetra close. H1 sales reached EUR 687 million, with EUR 1.75 billion backlog.

Target revision meets stronger backlog

Jefferies lifted its SMA Solar target from EUR 89.00 to EUR 90.00 on October 13, 2026.
First-half 2026 sales reached EUR 687 million and the order backlog stood at EUR 1.75 billion.
SMA Solar stock trades at EUR 58.80 at 9:11 a.m. CEST at Lang & Schwarz on October 16, 2026, 3.43 percent above the Xetra close of October 15, 2026.
SMA Solar is scheduled to publish nine-month results on November 12, 2026.

Fabrikhalle mit Arbeitern an Wechselrichter-Fertigungslinie und Solarmodulen im Hintergrund — SMA Solar Technology DE000A0DJ6J9 zeigt eine moderne Fabrikhalle mit Wechselrichter-Fertigung und Solarmodulen, Illustration mit AI erstellt.

SMA Solar Technology AG (ISIN DE000A0DJ6J9) was trading at EUR 58.80 at Lang & Schwarz on October 16, 2026, at 9:11 a.m. CEST, 3.43 percent above the Xetra close of October 15, 2026 at EUR 56.85. The latest company-specific catalyst was Jefferies raising its price target from EUR 89.00 to EUR 90.00 on October 13, 2026, while keeping its Buy rating, according to Markets Insider.

Why Jefferies raised the target

Jefferies expects SMA Solar to deliver solid third-quarter results. The analyst view also points to improving project execution in the Large Scale business and profit expectations that could exceed the current consensus, according to Markets Insider. The EUR 90.00 target stands 53.32 percent above the Lang & Schwarz price, calculated against EUR 58.80.

Three dates show the setup

On July 16, 2026, SMA raised its full-year revenue guidance to EUR 1.625 billion to EUR 1.725 billion and EBITDA guidance to EUR 180 million to EUR 230 million, as reported in the first-half earnings call transcript by Yahoo Finance. On August 13, 2026, SMA reported first-half sales of EUR 687 million versus EUR 685 million in the prior-year period. On October 13, 2026, Jefferies raised its target to EUR 90.00 from EUR 89.00.

What supports the outlook?

The first-half order backlog reached EUR 1.75 billion at the end of June 2026, versus EUR 1.16 billion at the end of June 2025. Large Scale order intake reached EUR 567 million in the second quarter, while Home & Business Solutions sales rose to EUR 145 million from EUR 116 million in the first half of 2025, a 25.00 percent increase, according to Yahoo Finance. The comparison matters because the stronger Home & Business contribution is developing alongside a large project backlog.

Next reporting date

SMA Solar is scheduled to publish its January to September 2026 quarterly statement and hold an analyst conference call on November 12, 2026, according to the company's SMA Solar investor-relations page. That release will offer the next test of the guidance range and the order conversion described by management.

Stock trades above the Xetra close

The 52-week range for the Xetra quotation was EUR 21.68 to EUR 70.70 as of October 15, 2026, with market capitalization at EUR 2.0 billion. SMA Solar is listed on Xetra under ticker S92 and is included in the TecDAX and SDAX indexes. The stock was trading at EUR 58.80 at Lang & Schwarz on October 16, 2026, at 9:11 a.m. CEST, 3.43 percent above the Xetra close of October 15, 2026 at EUR 56.85. The further course of trading is shown by the continuously updated real-time quote of SMA Solar stock.