SMA Solar Technology AG (OTCPK:SMTGY) Q3 2025 Earnings Call November 13, 2025 7:30 AM EST Company Participants Kaveh Rouhi - Chief Financial & Legal Officer and Member of Managing Board Conference Call Participants Lasse Stueben - Joh. Berenberg, Gossler & Co. KG, Research Division Constantin Hesse - Jefferies LLC, Research Division Guido Hoymann - Metzler Equities, Research Division Jeffrey Osborne - TD Cowen, Research Division Peter Testa - One Investments S.A.G.L.
SMA Solar is well-positioned in the Utility inverter market, especially in Germany and the US, which are growing markets. The stock has been severely affected by a sharp decline in commercial and residential solar installations. Still, SMA Solar's margins will improve as a result of a large-scale cost-cutting program. Working capital release will further enhance the cash flow generation.