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Bloomberg has reported that since centrotherm photovoltaics filed for bankruptcy protection, SMA Solar Technology has suffered three straight days of losses, with the company falling to a record low in intraday value. SMA fell as much as 8% to €21 per share, bringing the company’s shares to an almost 50% loss this year.
“Centrotherm may have pulled SMA down,” Daniel Seidenspinner, an analyst at Bankhaus Metzler, said in a phone interview with Bloomberg. “While SMA has a relatively strong balance sheet and is in a better position than Centrotherm, the fundamental problem is that the market is shifting to Asia and the US. For SMA, it would be difficult to gain a foothold in China.”
SMA’s drop “may tie back to the news about Centrotherm,” said Christopher Rodler, an analyst at MM Warburg Investment Research. “The environment for solar companies is bad at the moment because companies are not investing.”
