FRANKFURT (dpa-AFX Broker) - A massive slump in SMA Solar's share price is looming on Wednesday: On the Tradegate trading platform, the solar supplier's shares plummeted by almost 30 percent to 29.22 euros.

This would put them at their lowest level on Xetra since spring 2022. Analyst Constantin Hesse from the investment bank Jefferies was particularly surprised by the extent of the lowered operating earnings target.

According to the expert, the new targets are now more than half below the market consensus. He fears that the home ownership business of the North Hesse-based company will be in the red again for the first time since 2018./ag/stk