German Bonds and Stocks Tumble: SMA Solar Shares Plunge 30% on Forecast Withdrawal
German bonds and stocks experienced a turbulent day. The yield on the 30-year German bond surged to 3.41%, its highest since 2011. Meanwhile, the Dax plummeted by 2.3% to 23,487 points. Several companies, including SMA Solar and Siemens, saw their shares drop due to negative news.
SMA Solar's shares nosedived by almost 30% after the company withdrew its annual forecast. It now anticipates an operating loss of up to 80 million euros for 2025. Dr. Jürgen Reinert, SMA Solar's CEO, had shown confidence in the company's future with an insider share purchase in September 2025. However, the reasons behind the change in annual expectations remain unclear.
Siemens' shares also fell after Bernstein Research downgraded the company to 'Market-Perform'. FMC's stock lost 5% following a sell recommendation from UBS, which cited structural risks in the US and potential falling consensus estimates for operating results.
The German bond market and stock exchange witnessed significant shifts today. SMA Solar's dramatic share drop and revised profit expectations raised concerns, while Siemens and FMC also faced share price declines due to analyst downgrades and sell recommendations. Investors will closely monitor these developments in the coming days.
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