SMA Solar Technology AG (OTCMKTS:SMTGF – Get Free Report)’s share price rose 5% during mid-day trading on Thursday . The company traded as high as $68.90 and last traded at $68.90. Approximately 200 shares changed hands during trading, a decline of 86% from the average daily volume of 1,387 shares. The stock had previously closed at $65.6332.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the stock. Jefferies Financial Group reaffirmed a “buy” rating on shares of SMA Solar Technology in a research note on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of SMA Solar Technology in a research note on Monday, August 17th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy”.
View Our Latest Analysis on SMA Solar Technology
SMA Solar Technology Stock Up 5.0%
About SMA Solar Technology
SMA Solar Technology AG is a Germany-based company specializing in the development, production and sale of photovoltaic inverters and energy management solutions for all types of solar power applications. The company’s product portfolio spans string inverters, central inverters and hybrid inverter systems designed for residential, commercial and utility-scale installations. In addition to core inverter technology, SMA offers integrated energy storage solutions, system monitoring platforms and digital services aimed at optimizing solar power generation and grid integration.
Founded in 1981 and headquartered in Niestetal near Kassel, SMA Solar Technology has grown into a global supplier with a presence in Europe, the Americas and Asia-Pacific.
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