Warburg Research Gains Confidence in SMA Solar Technology (ETR:S92). Will Other Analysts Follow?

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SMA Solar Technology (ETR:S92) Stock Upgrade

Warburg Research has upgraded shares of SMA Solar Technology (ETR:S92) to a respectable Buy rating in analysts report issued to clients today, and has set a 52-week Estimated Target Price of EUR 53.00, which is 12.45% from S92’s share price currently.

From a total of 4 analysts covering SMA Solar Technology (ETR:S92) stock, 2 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 50% of the ratings are positive. The highest target price is €53 while the lowest target price is €29. The mean of all analyst targets is €44.50 with a -5.76% below today’s (€47.22) stock price. SMA Solar Technology was the topic of 12 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Warburg Research upgraded shares on November 24 to “Buy” rating. Deutsche Bank upgraded S92 stock in a recent report from October 8 to “Buy” rating.

The stock increased 4.58% or EUR 2.07 on December 16, striking EUR 47.22. Approximately 224,580 shares of stock traded hands or 12.20% up from the average. SMA Solar Technology AG (ETR:S92) has risen 196.26% since May 20, 2015 and is uptrending. It has outperformed by 198.89% the S&P500.

 Warburg Research Gains Confidence in SMA Solar Technology (ETR:S92). Will Other Analysts Follow?

SMA Solar Technology AG is a German holding firm engaged in the solar technology sector. The company has a market cap of 1.59 billion EUR. It operates five divisions: Medium Power Solutions; Power Plant Solutions; Service; Zeversolar, and Railway Technology. It currently has negative earnings. Medium Power Solutions division covers the Sunny Boy, Sunny Mini Central, Sunny Island product families, as well as develops products for monitoring photovoltaic systems and energy management.

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