What a forecast! winners rather than MDAX losers

Suddenly daily winners instead of MDAX losers, Early Friday evening, there was a surprise. SMA Solar Technology AG: Forecast cracker! So far in June, SMA solar investors have had a difficult time. In the last two weeks, the course has dropped by about 18%. The share was momentarily at the bottom of the MDAX today, with a loss of more than 5%. But there comes a big surprise right before the end of regular trade.

1. According to SMA Solar, the business expects "a very positive" first half of the year and raises its yearly prediction. The price reacts quickly and immediately climbs from 84 euros to more than 100 euros. This propels the stock to the top of the MDAX.
2. For the first half of the year, SMA Solar anticipates sales of EUR 770 to 780 million. This is a big increase over the same period last year (472 million euros). The EBITDA should be in the range of 120 to 130 million euros. It was just 16 million in the first half of 2022.
3. SMA cites "after an already positive first quarter, a strong second quarter that exceeded planning" as the explanation for this good news. Sales are up.
4. After just 251 million in the second quarter of 2022, revenues are forecast to range between 400 and 410 million euros. As a result, the Management Board has revised its prediction for 2023, "and now expects annual sales of EUR 1.7 to 1.85 billion" (previously: EUR 1.45 to 1.6 billion) and EBITDA of EUR 230 to 270 million (previously: 135 to 175 million).

"The basis for the above-plan development and improved prospects is a significantly stronger capacity to deliver as a result of a faster increase in material supply on the supplier side, as an improved earnings contribution from all segments," SMA said.

SMA Solar Technology AG: Forecast cracker! 

• SMA Solar Technology AG anticipates a strong first half of 2023 and boosts full-year forecast for 2023 once again 23rd June 2023 / 16:46 CET/EST Inside information publication in compliance with Article 17 of the Ordinance (EU) No. 596/2014, as distributed by EQS News, an EQS Group service.

• AG. The content of the notice is the responsibility of the issuer/publisher. SMA Solar Technology AG anticipates a strong first half of 2023 and boosts full-year forecast for 2023 once again Niestetal, 23 June 2023 - SMA Solar Technology AG's Management Board (SMA/ISIN: DE000A0DJ6J9/FWB: S92) anticipates one  The stock of SolarEdge Technologies is somewhat lower (€221.7119).

• SMA Solar Technology AG anticipates a strong first half of 2023 and improves its full-year prediction for 2023.

• Sales in the range of EUR 770 to 780 million (H1 2022: EUR 472 million) and an operational loss EBITDA (earnings before interest, taxes, depreciation, and amortization) increased from 120 to 130 percent. million euros (first half of 2022: 16 million euros).

• The reason for this is because after an already excellent first quarter, and an outstanding second quarter that is above expectations Quarterly revenues of EUR 400 to 410 million are predicted (Q2 2022: EUR 251 million), and EBITDA of EUR 60 to 70 million (Q2).

• 1 million euros in 2022). Based on this, the Management Board is revising the outlook for 2023 and currently anticipates yearly revenues of EUR 1,700 to 1,850 million (previously: 1.450-1.600 billion euros) and an EBITDA of 230-270 billion euros (135 formerly to a total of 175 million euros).

• The reason for the above-planned growth and the more optimistic outlook is a much-improved ability to provide as a result of the quicker Material supply improvement on the supplier side, as well as All segments' profits contribution, has increased. On August 10, 2023, the final data for the first half of 2023 will be released.

The inverter manufacturer SMA Solar is increasing its forecast for the full year.

On Friday in Niestetal, Hesse, the firm declared that its capacity to provide has grown considerably due to a faster improvement in the material available on the supplier side.

• SMA Solar currently expects annual sales of EUR 1.7 billion to 1.85 billion, with profits before interest, taxes, depreciation, and amortization (Ebitda) of EUR 230 million to EUR 270 million. So far, management has forecast 1.45 billion to 1.6 billion euros in revenues and 135 million to 175 million euros in EBITDA.
• The organization was able to dramatically enhance its main metrics in the second quarter. Sales should rise from 251 million to 400 to 410 million euros. After only a little adjustment, Ebitda should have increased to 60 million to 70 million euros.
• In the same period last year, a profit of one million euros was recorded.
• SMA had to deal with delivery constraints and missing components in the first part of last year. The MDAX-listed company's shares soared and climbed by 15%. The final data will be released by SMA on August 10th.

Is renewable energy now included in the share price of SMA SOLAR?

For a long time, SMA Solar stockholders were able to benefit from a sharp upward trend, which culminated in a new all-time high in May. However, the stock has declined by roughly 25% since then, which might intensify the correction if not for the possibility of a short-term positive trend reversal.

• The big wave of purchasing began in February 2022, causing the SMA Solar shares to recently soar past their all-time high of EUR 106.70 and to the target price of EUR 110.50.
• The fact that the advance came to a halt at this level indicates that the stock is currently in a big downturn.
• During the countermovement, the share fell below the projected interim low of EUR 96.65, intensifying its decline. However, at the start of the month, a temporary low of EUR 82.00 was made immediately after the cross-support of EUR 84.70 was broken, which has delayed the sell-off thus far.
• Following an interim rebound, the stock is presently reverting to this support, where it may create a positive double bottom.

The bulls are defending the upswing at EUR 81.90.

So far, the correction phase has been halted at a crucial price objective, the 200% expansion of the first wave of sales beginning in mid-May at EUR 81.90. 

1. If the bulls can recapture the uptrend line at EUR 87.00, the bottoming process will begin and a rebound towards EUR 96.65 would begin.
2. If the rise over the beginning point of the second wave of sales at EUR 102.20 is successful, the all-time high will most likely be assaulted again, and a break of EUR 111.40 will result in a climb to EUR 118.00 - 120.00. 
3. If, on the other hand, the bottom formation above EUR 81.90 fails and this goal mark is breached, there will be losses at the next lower objective. EUR 72.78 is the price. Below there, one should brace for a test of the March low of EUR 68.25.