SMA Solar Technology AG : Increase in our rating following the upgrade to guidance
>Guidance raised for the third time this year! - SMA raised yesterday evening its FY 2023 guidance. The group now forecasts consolidated sales at € 1.8-1.9bn vs € 1.7-1.85bn forecast previously and EBITDA of € 285-325m vs €230-270m forecast previously. The current FactSet consensus stands at € 1.78bn for sales and € 247m for EBITDA, namely 22% below the median point for new guidance. This increase in guidance (the third this year) is driven by Q3 being more dynamic ...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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