SMA Solar Technology (S92D) Stock Overview

Develops, produces, and sells PV and battery inverters, monitoring systems for PV systems, and charging solutions for electric vehicles in Germany and internationally. More details

S92D fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	5/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

Rewards

Trading at 15.8% below our estimate of its fair value

Earnings are forecast to grow 83.25% per year

Risk Analysis

Shares are highly illiquid

S92D Community Fair Values

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SMA Solar Technology AG Competitors

Price History & Performance

Summary of share price highs, lows and changes for SMA Solar Technology
Historical stock prices
Current Share Price	€48.01
52 Week High	€64.90
52 Week Low	€15.73
Beta	0.81
1 Month Change	-26.02%
3 Month Change	23.74%
1 Year Change	165.76%
3 Year Change	-43.35%
5 Year Change	5.26%
Change since IPO	46.44%

Recent News & Updates

No updates

Recent updates

No updates

Shareholder Returns

	S92D	GB Electrical	GB Market
7D	0%	1.2%	-1.3%
1Y	165.8%	43.1%	17.3%

Return vs Industry: S92D exceeded the UK Electrical industry which returned 43.1% over the past year.

Return vs Market: S92D exceeded the UK Market which returned 17.3% over the past year.

Price Volatility

Is S92D's price volatile compared to industry and market?
S92D volatility
S92D Average Weekly Movement	n/a
Electrical Industry Average Movement	7.3%
Market Average Movement	5.5%
10% most volatile stocks in GB Market	11.2%
10% least volatile stocks in GB Market	3.0%

Stable Share Price: S92D's share price has been volatile over the past 3 months compared to the UK market.

Volatility Over Time: Insufficient data to determine S92D's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1981	3,659	Jurgen Reinert	www.sma.de

SMA Solar Technology AG, together with its subsidiaries, develops, produces, and sells PV and battery inverters, monitoring systems for PV systems, and charging solutions for electric vehicles in Germany and internationally. The company operates in two segments: Home & Business Solutions and Large Scale & Project Solutions. It offers solar and battery inverters, hybrid inverters, system solutions and packages, solar batteries, e-mobility charging solutions, energy management solutions, SMA echarger and commercial storage solutions, and Sunny Tripower X, as well as digital solutions to design, operate, and service PV systems and energy systems.

SMA Solar Technology AG Fundamentals Summary

How do SMA Solar Technology's earnings and revenue compare to its market cap?
S92D fundamental statistics
Market cap	€2.03b
Earnings (TTM)	-€188.29m
Revenue (TTM)	€1.53b

1.3x

P/S Ratio

-10.8x

P/E Ratio

Is S92D overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
S92D income statement (TTM)
Revenue	€1.53b
Cost of Revenue	€1.40b
Gross Profit	€131.12m
Other Expenses	€319.41m
Earnings	-€188.29m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

Aug 13, 2026

Earnings per share (EPS)	-5.43
Gross Margin	8.57%
Net Profit Margin	-12.31%
Debt/Equity Ratio	25.7%

How did S92D perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/06/20 23:08
End of Day Share Price	2026/06/11 00:00
Earnings	2026/03/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

SMA Solar Technology AG is covered by 21 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
James Fontanelli	Arete Research Services LLP
Rupesh Madlani	Barclays
Lasse Stueben	Berenberg