SMA Solar stock: Jefferies lifts target ahead of Q3 report

Jefferies has raised its price target for SMA Solar from 89 euros to 90 euros and maintained a Buy rating, according to a MarketScreener report published on October 13, 2026.

The research, attributed to Jefferies analyst Constantin Hesse, anticipates a solid third quarter for the photovoltaic inverter manufacturer. Hesse said the market was likely to expect strong revenue growth because of project timing and the reduction of the order backlog, while profitability expectations appeared too conservative.

Profitability remains the key test

Jefferies also pointed to improving project execution in SMA Solar's Large Scale segment and continued favorable order intake. Those factors could support the earnings outlook, but the next company report will show whether operational improvement is translating into sustainable profitability.

The company develops systems and solutions for generating, storing and using solar energy. Its investor-relations calendar lists November 12, 2026, for publication of the quarterly statement covering January through September 2026 and the related analyst conference call, according to SMA Solar's investor-relations page.

SMA Solar stock traded at 47.31 euros on Lang & Schwarz at 11:06 CEST on Friday, October 30, 2026.

For investors, the November release should clarify whether the expected third-quarter revenue momentum is accompanied by stronger margins and continued order conversion. Jefferies' constructive view therefore faces a near-term test in the operating figures rather than in the target price alone.

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