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Investing.com - Berenberg has reduced its price target on SMA Solar Technology AG (ETR:S92) to €21.00 from €22.00 while maintaining a Hold rating on the stock.
The German solar equipment manufacturer’s second-quarter 2025 results, released on August 7, confirmed preliminary figures that showed continued difficulties in residential and commercial markets.
SMA Solar’s utility-scale division continues to perform well and deliver on a healthy backlog of orders, providing some stability to the company’s overall performance.
Berenberg cited Donald Trump’s lack of support for renewables and his tariff policies as posing significant challenges for the company’s business outlook.
The investment firm reduced its estimates to reflect these market risks, resulting in the lower price target while maintaining its neutral stance on the stock.
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