Shares in SMA Solar rose after the company upgraded guidance for the year on better-than-expected operating momentum and market conditions.
Shares in early European trade were up 14% at 66.60 euros, and are up 95% in the year to date.
The German solar energy equipment supplier's board said it expects 2026 revenue to be in a 1.625 billion euros to 1.725 billion euros range ($1.86 billion to $1.97 billion).
It had previously guided for revenue to be in the upper third of the range between 1.475 billion euros and 1.675 billion euros.
Expectations for earnings before interest, taxes, depreciation and amortization guidance for the year were also upgraded. The company sees the metric in a 180 million euros to 230 million euros range, versus a prior forecast of the upper third of the range between 50 million euros and 180 million euros.
The company said this revised outlook reflected an improvement in market conditions. It also reflects its continued operating performance in the second half as well as more favorable foreign exchange developments than originally expected.
Analysts at Jefferies said the guidance upgrade implied an upgrade of around 30% to Visible Alpha's Ebitda consensus of 160.8 million euros.
"With an adjustment to the top end of the Ebitda guidance range in 1Q... it's safe to say that SMA is delivering on execution," Jefferies analysts Constantin Hesse and Martin Comtesse say.
SMA Solar added that it launched a special sales push and found buyers for old stock originally thought to be worthless. It added that this surprise cleanup of their warehouse ended up boosting the Home & Business division's second-quarter profits by 21.7 million euros.
The company is scheduled to release its half-year report on Aug. 13. The company said it expects revenue for the second quarter to rise 3.05% on year to 368 million euros. Ebitda is expected to come in at 40.9 million euros, compared with 31.8 million euros last year.
Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com
(END) Dow Jones Newswires
July 17, 2026 05:47 ET (09:47 GMT)
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