06 Mar '12, 10pm

SMA Update: Painful 2012 Guidance, Agua Caliente News: Germany's SMA, the photovoltaic inverter market leader

SMA Update: Painful 2012 Guidance, Agua Caliente News: Germany's SMA, the photovoltaic inverter market leader

Germany's SMA , the photovoltaic inverter market leader had some painful news as it issued its 2012 financial guidance . On a positive note, the firm's inverters are being deployed at the Agua Caliente project, one of the world's largest PV power plants. SMA's sales are anticipated to drop to between $1.57 billion and $1.96 billion, down from 2011's $2.23 billion. The guidance is based on the expectations "of lower demand for photovoltaic plants as a result of a "radical" cut in subsidies, especially in Germany." according to a release by the firm. The release continues, "EBIT margin for 2012 is seen to be in the range of 5 and 10 percent. SMA's Board noted that the target profitability was above the German electrical industry but lower than SMA Solar's prior-year results. Additionally, the company plans to invest over 100 million euros for research and development aimed a...

Full article: http://www.greentechmedia.com/articles/read/SMA-Update-Pa...

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