SMA Solar Technology AG Stock

Description SMA Solar

SMA Solar Technology AG is a German-based company that manufactures and sells photovoltaic (PV) solar inverters, which are devices that convert direct current (DC) generated by solar panels into alternating current (AC) for use in commercial and residential power grids. The company was founded in 1981 and is headquartered in Niestetal, Germany.

SMA Solar has a diverse customer base, including solar power plant developers, independent power producers, electrical utilities, and residential and commercial solar integrators. The company also provides system solutions for power supply and energy management, which include power conversion systems and battery storage solutions.

SMA Solar is publicly traded on the Frankfurt Stock Exchange with the symbol S92 and is also listed on the OTC Markets under the symbol SMTGF. As of September 2021, the company has a market capitalization of €5.89 billion and employs over 3,000 people worldwide.