SMA Solar Technology AG (S92G.DE)
12 Dec 2017
Thu, Nov 9 2017
FRANKFURT/DUESSELDORF Germany's SMA Solar said on Thursday its full-year sales would be at the bottom of its target range due to an industry-wide shortage of chips for inverters that will continue into 2018.
* Shares fall to 5-week low (Recasts, adds CEO comment, context on nature of shortage)
* Ceo says 2018 sales will likely be impacted by supply issues, currently looking to contract additional suppliers of key components
FRANKFURT, Nov 9 SMA Solar, Germany's largest solar company, on Thursday warned its full-year sales would come in at the lower end of its target corridor, citing a supply shortage of unspecified critical components.
FRANKFURT, Nov 7 Germany's Siemens said on Tuesday it would end a cooperation with SMA Solar at the end of the year and build its own solar inverters in India.
* Shares indicated 2.9 pct lower (Adds shares, CEO comment, context)
FRANKFURT, Aug 10 SMA Solar, Germany's largest solar group, on Thursday reported a sharp decline in second-quarter operating profit, blaming a drop in inverter prices across segments and regions.
FRANKFURT, Aug 1 SMA Solar, Germany's largest solar company, on Tuesday raised its outlook for sales and profit this year, citing high order intake and strong demand, particularly in the Asia-Pacific region.
FRANKFURT, Aug 1 SMA Solar, Germany's largest solar company, on Tuesday raised its outlook for 2017 sales and profit, citing high order intake and strong demand, particularly in Asia.