Deutsche Bank raises target for SMA Solar stock to EUR 78

Published on 10/23/2026 at 10:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SMA Solar stock costs EUR 51.40 on October 23, 2026, 2.59 percent above Xetra close. Second-quarter revenue fell 3.21 percent to EUR 345.69 million.

Analyst target and earnings

Deutsche Bank Research lifted its target from EUR 77.00 to EUR 78.00 on October 22, 2026.
Second-quarter revenue fell 3.21 percent to EUR 345.69 million in 2026.
SMA Solar stock trades at EUR 51.40 at 10:32 a.m. CEST at Lang & Schwarz on October 23, 2026, 2.59 percent above the Xetra close of October 22, 2026.

Fabrikhalle mit Arbeitern an Wechselrichter-Fertigungslinie und Solarmodulen im Hintergrund — SMA Solar Technology DE000A0DJ6J9 zeigt eine moderne Fabrikhalle mit Wechselrichter-Fertigung und Solarmodulen, Illustration mit AI erstellt.

SMA Solar (DE000A0DJ6J9) trades at EUR 51.40 at Lang & Schwarz on October 23, 2026 at 10:32 a.m. CEST, up 2.59 percent versus the Xetra close of EUR 50.10 on October 22, 2026. Deutsche Bank Research raised its target for SMA Solar from EUR 77.00 to EUR 78.00 on October 22, 2026, kept its Buy rating and cited a stronger second half, as wallstreetONLINE reported.

Three target changes shape the story

The recent chronology shows how quickly the valuation discussion has moved. On October 13, 2026, Jefferies lifted its target from EUR 89.00 to EUR 90.00 and maintained a Buy rating, according to Zonebourse. On August 13, 2026, SMA Solar presented second-quarter figures for the period ended June 30, 2026. On October 22, 2026, Deutsche Bank Research moved its target from EUR 77.00 to EUR 78.00, the latest of the three dated developments.

What does the target mean for earnings?

The key test is profitability rather than headline sales growth. SMA Solar reported second-quarter 2026 revenue of EUR 345.69 million, down 3.21 percent from EUR 357.15 million a year earlier, while earnings per share reached EUR 2.14 versus a loss of EUR 1.38 in the prior-year quarter, according to finanzen.ch. Net income was EUR 74.38 million in the quarter. The combination of lower revenue and positive earnings makes project execution and cost control central to the revised valuation.

Next reporting date is November 12

SMA Solar's investor-relations calendar lists November 12, 2026, for the quarterly statement covering January through September 2026 and the related analyst conference call, according to SMA Solar. That release will provide the next dated check on whether the stronger second-half view is translating into reported results.

Stock valuation remains below the target

SMA Solar's market capitalization is EUR 1.8 billion as of October 23, 2026, while its 52-week range is EUR 21.68 to EUR 70.70. The current euro quotation sits below both the Deutsche Bank and Jefferies targets, leaving the upcoming third-quarter report as the next concrete test of the earnings case. The stock was trading at EUR 51.40 at Lang & Schwarz on October 23, 2026 at 10:32 a.m. CEST, 2.59 percent above the Xetra close of October 22, 2026 at EUR 50.10. The further course of trading is shown by the continuously updated real-time quote of SMA Solar stock.