SMA Solar Technology AG : Profit warning due to regulatory changes in China, TP lowered to €20
>Profit warning due to regulatory changes in China - SMA issued a profit warning yesterday during the afternoon. Management explained this PW by greater pressure on prices due to surplus capacity in China following the regulatory changes adopted by the Chinese government back in May. China did indeed deicide to withdraw the FIT (Feed in Tariff) subsidy system with immediate effect as it cost the government too much. These regulatory changes have resulted in solar powe...SMA Solar Technology is a holding company. Through its subsidiaries, Co. operates in five divisions: Medium Power Solutions, which distributes inverters, system solutions as well as products used for monitoring PV systems and energy management; Power Plant Solutions, which supplies central inverters and system solutions to PV plants; Service, which provides customers in Germany and abroad with support and after-sales services; Zeversolar, which serves the Chinese photovoltaic market and the budget market (low-price segment) in foreign markets; and Railway Technology, which manufactures converters as individual devices and energy supply systems for railway coaches.
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