SMA Solar Technology (ETR:S92) Stock Jumps 4.6% – Here’s What Happened

SMA Solar Technology AG (ETR:S92)’s share price shot up 4.6% during trading on Wednesday. The stock traded as high as €62.95 and last traded at €62.55. Approximately 178,873 shares changed hands during trading, an increase of 63% from the average daily volume of 110,058 shares. The stock had previously closed at €59.80.

SMA Solar Technology Stock Up 4.6%

The firm has a 50 day moving average of €57.73 and a 200 day moving average of €56.43. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 28.51, a PEG ratio of 13.06 and a beta of 0.81. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 21.34.

About SMA Solar Technology

SMA Solar Technology AG, together with its subsidiaries, engages in development, production, and sale of PV and battery inverters, transformers, chokes, monitoring systems for PV systems, and charging solutions for electric vehicles in Germany and internationally. It operates through Home Solutions, Commercial and Industrial Solutions, and Large Scale and Project Solutions segments. The company offers string and central solar inverters for various module types; battery inverters for high voltage batteries, on- and off- grid applications, commercial and industrial storage solutions, large scale storage solutions, and accessories; medium-voltage technology products; and DC-DC converters.