Oct. 21 (Bloomberg) — SMA Solar Technology AG had its stock rating increased to “buy” from “hold” at Citigroup Inc. with a new price target of 82 euros compared with the previous 60-euro level.
Analyst Vidya Anant cited a potential rise in demand for solar products next year in a note to clients.
“Despite strong performance in the year to date, we think there is still room for growth at SMA,” she wrote. “As the market leader for solar inverters, required for every installation, SMA has good exposure to rising demand in 2010.”
