SMA Solar has cut its revenue guidance by over 20% and EBITDA by more than 60%, leading to a significant drop in share price. The company faces an impairment of 'intangible assets in progress' with a projected 2024 EBITDA of around EUR 10 million. The CEO attributes the decline to political uncertainty. The stock fell over 50% since a critical report in December 2023. SMA Solar shares plummeted 30% after a profit warning, hitting a new 52-week low. Investors anticipate further declines in solar stocks like $ENPH, $SEDG, and $FSLR due to the guidance cuts. More information is expected at the Intersolar event in Munich. SolarEdge's price target was reduced by JPMorgan due to European residential solar demand challenges. YouGov and SolarEdge also experienced significant drops in sales and profits, respectively.
It seems #SMASolar's CEO is making some desperate moves...Publishing insider dealings before market close. He bought EUR 60k in stock. After being paid EUR 2 million in the last 2 years. Is this a sneaky tactic to lure in unknowing investors to buy this train wreck?
SolarEdge $SEDG stock is hitting 5-year lows. Why? We can give you the old "macro headwinds" and "inventory oversupply issues" excuses if you want, but it's worth looking at what the industry experts have to say. In the bearish camp, youāll find research firm Wood Mackenzieā¦ https://t.co/QUMXbLFlS3
Wow. I owned and shorted solar stocks back in the day but have paid them almost no attention for a while. I guess I should have paid attention. $SEDG is one of the big ones and is down almost 90% in a year. https://t.co/C0CD0UwBQ9
YouGov gets shock poll result from consultancy slowdown https://t.co/Tsncn1oU3Q | opinion
YouGov shares drop by a third after sales and profits warning https://t.co/Sv2iB1Sipm
$SEDG | JPMorgan Cuts SolarEdge PT to $59 from $73 Analyst Comments: "European residential solar demand remains 'moribund' due to still elevated channel inventories, low power pricing, and near-term uncertainty related to elections." JPM noted that SolarEdge has a largerā¦
Expect the Solar stocks ( $ENPH $SEDG $FSLR etc) to get the sh*t kicked out of them tomorrow on the big cuts and guidance. However, more info to come starting tomorrow at the Intersolar in Munich with OEMs and distributors
Expect the Solar stocks ( $ENPH $SEDG $FSLR etc) to get the sh*t kicked out of them tomorrow on the big cuts and guidance. However, more info to come starting tomorrow at the Intersolar in Munich with OEMs and distributors Happy Juneteenth to all my Brother and Sisters outā¦
SMA Solar shares fall 30% after profit warning https://t.co/CRsqIBtRoP
SMA Solar down >50% since @NingiResearch published a short/critical report in Dec'23 New 52 week low today https://t.co/vsmlrA58eY
SMA Solar down >50% since @NingiResearch published a short/critical report in Dec'23 https://t.co/qwyIChVHRc
Kinda telling that #SMASolar published the bad news right before a federal holiday. No US investor will be in the office today. They will act tomorrow. In our opinion, the share price could have fallen even more if it wasn't for the holiday...
Brutal day for SMA Solar Tech $S92. Share price down >30% after a massive guidance cut. This is on the back of management regularly oozing confidence in the return of orders... Pretty large loss of trust. https://t.co/wsPUl7LjNj
#SMASolar cut its revenue guidance by more than 20% and its EBITDA by more than 60%! Now impairment of the opaque 'intangible assets in progress' is inexorable. 2024 EBITDA will likely be around EUR 10 million. CEO is blaming political uncertainty... https://t.co/bYtIB8tI1M