SMA Solar Technology AG: insider trades · Germany · BaFin

About SMA Solar Technology AG

SMA Solar Technology AG is a German industrial company focused on photovoltaic technology and energy storage systems. The shares trade on Xetra/Frankfurt (DAX/MDAX/SDAX) on the regulated market of the Frankfurt Stock Exchange under ticker S92.DE, making the company a relevant name for investors tracking the energy transition in Germany and abroad. The company is headquartered in Niestetal, near Kassel in Hesse, Germany. SMA was founded in 1981 by Professor Werner Kleinkauf together with former Managing Board members Günther Cramer, Peter Drews and Reiner Wettlaufer. Originally best known as a solar inverter specialist, SMA has evolved into a broader provider of integrated solutions for renewable power generation, conversion, management and storage. Its portfolio includes PV and battery inverters, system solutions for residential, commercial & industrial, and utility-scale applications, intelligent energy management systems, EV charging solutions, power-to-gas applications, digital energy services, and a wide range of after-sales and maintenance services. This breadth allows SMA to participate in several layers of the electrification value chain rather than relying on a single product category. From a competitive standpoint, SMA benefits from strong technology branding, a large global installed base, and an extensive patent portfolio. The company states that its PV inverters sold globally since 2006 have helped avoid more than 69 million metric tons of CO2e, underlining its role as a reference player in renewable-energy infrastructure. In 2024, SMA reorganized its operations around Home Solutions, Commercial & Industrial Solutions, and Large Scale & Project Solutions, with a planned merger of the first two into a new Home & Business Solutions division to reduce complexity and capture synergies. Geographically, SMA sells into several regions, with meaningful exposure to EMEA, the Americas and Asia-Pacific. Europe remains an important core market, while the group continues to expand through international subsidiaries and service networks. Recent highlights include management’s description of 2025 as a year shaped by a difficult market environment and one-off restructuring and transformation items, with full-year revenue of EUR 1.516 billion. At the start of 2026, SMA reported sales and earnings growth for the first quarter, indicating some operational improvement after a challenging period. For international equity investors, SMA combines renewable-energy exposure, industrial cyclicality, and structural demand linked to solar, storage and grid modernization.