Jefferies raises target to EUR 90: SMA Solar stock falls 3.47 percent

Published on 10/19/2026 at 10:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SMA Solar reported EUR 72.8 million in first-half net profit after a EUR 42.4 million loss. SMA Solar stock costs EUR 55.65 on October 19, 2026, 3.47 percent below the Xetra close of EUR 57.65.

Analyst view and operating recovery

Jefferies lifted its target from EUR 89.00 to EUR 90.00 on October 13, 2026.
SMA Solar reported EUR 72.8 million in first-half net profit after a EUR 42.4 million loss.
SMA Solar stock trades at EUR 55.65 at 10:13 a.m. CEST at Lang & Schwarz on October 19, 2026, 3.47 percent below the Xetra close of October 16, 2026.

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SMA Solar (ISIN DE000A0DJ6J9) was trading at EUR 55.65 at Lang & Schwarz on October 19, 2026 at 10:13 a.m. CEST, down 3.47 percent versus the Xetra close of October 16, 2026 at EUR 57.65. The latest company-specific catalyst is Jefferies' target increase to EUR 90.00 from EUR 89.00, published from a research report dated October 13, 2026, according to Headtopics.

Target moves to EUR 90.00

Jefferies kept its Buy rating and argued that project execution in SMA's Large Scale business was improving. The analyst also viewed the profitability consensus as cautious, while SMA's first-half order backlog reached EUR 1.7544 billion, up from EUR 1.1614 billion a year earlier, according to FNE.

What does the target raise mean?

The operating recovery is visible but uneven. In the first half of 2026, SMA generated EUR 686.6 million in revenue versus EUR 684.9 million in the prior-year period, while EBITDA before one-off items rose to EUR 65.9 million from EUR 50.3 million. Reported net profit reached EUR 72.8 million after a EUR 42.4 million loss in the first half of 2025, figures reported by FNE. The backlog therefore expanded faster than revenue, but the figures also show that project timing and margins remain central to the investment case.

Three dated signals for SMA

On July 16, 2026, SMA raised its full-year revenue outlook to EUR 1.625 billion to EUR 1.725 billion and its EBITDA outlook to EUR 180 million to EUR 230 million, as reported by FNE. On August 13, 2026, the company reported first-half revenue of EUR 686.6 million and EBITDA before one-off items of EUR 65.9 million, also reported by FNE. On October 13, 2026, Jefferies raised its target from EUR 89.00 to EUR 90.00, according to Headtopics.

Next results and trading level

SMA's next scheduled reporting date is November 12, 2026, when it is due to publish its January-to-September quarterly update and hold an analyst call. The current euro quote is 21.27 percent below the Jefferies target, calculated from EUR 55.65 and EUR 90.00, leaving the analyst view dependent on continued profit conversion.

SMA Solar was trading at EUR 55.65 at Lang & Schwarz on October 19, 2026 at 10:13 a.m. CEST, 3.47 percent below the Xetra close of October 16, 2026 at EUR 57.65. The further course of trading is shown by the continuously updated real-time quote of SMA Solar stock.