SMA Solar stock falls 2.9 percent despite inverter certification

Published on 10/05/2026 at 20:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SMA Solar stock traded at EUR 59.40 on October 5, 2026, as the company highlighted a new battery-inverter certification. First-half EBITDA rose to EUR 66 million.

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SMA Solar stock (ISIN DE000A0DJ6J9) was trading at EUR 59.40 on Xetra on October 5, 2026, down 2.9 percent at 4:28 p.m. CET. The move came as a company certification opened access to Germany's new market for grid-stability services.

Certification opens a new market

SMA has received certification for its Sunny Central Storage UP-S battery-inverter platform under the VDE FNN rules for grid-forming units, according to Finanznachrichten on October 5, 2026. The certification allows project developers and plant operators to offer additional grid-stability services in Germany's market for instantaneous reserves, which has operated since the start of 2026.

The technical approval adds a fresh commercial angle to SMA's battery-storage business, but the share price still stood EUR 11.30 below its 52-week high of EUR 70.70. That equals a 15.98 percent discount to the yearly peak, while the 52-week low was EUR 21.68 on the same market reference.

First-half EBITDA rises 32 percent

SMA's first-half 2026 operating EBITDA before one-off effects increased to EUR 66 million from EUR 50 million in the prior-year period, a 32 percent gain, according to Yahoo Finance in the H1 2026 earnings call. Group sales were EUR 687 million versus EUR 685 million a year earlier, while free cash flow rose to EUR 72 million from EUR 66 million.

The operating improvement was paired with a larger project pipeline. The order backlog reached EUR 1.75 billion at the end of June 2026, compared with EUR 1.16 billion at the end of June 2025, while large-scale business recorded EUR 567 million in second-quarter order intake.

Guidance points to stronger second half

Management's 2026 guidance calls for revenue of EUR 1.625 billion to EUR 1.725 billion and EBITDA of EUR 180 million to EUR 230 million, as reported by Yahoo Finance. The company expects the second half of 2026 to deliver higher sales and operating EBITDA than the first half, while Home and Business Solutions is still expected to post a loss for the full year.

The next checkpoint is scheduled for November 12, 2026, when SMA plans to publish its January-to-September results and hold an analyst conference call, according to SMA Solar. For investors, the central question is whether the stronger order backlog and new storage certification can translate into the guided second-half improvement.

Stock trades below yearly high

SMA Solar stock was last at EUR 59.40 on Xetra on October 5, 2026, with 46,024 shares traded by 4:28 p.m. CET. The intraday range extended from EUR 59.10 to EUR 61.50.