The company is engaged in the development, production and sale of solar inverters and monitoring systems for photovoltaic applications. The share managed a notable performance over 188% for the beginning of the year with a return to its highs at EUR 46.60.

The business fundamentals appear solid as evidenced by the Surperformance ratings. Sales are expected to grow 10% to EUR 890 million for 2015. Similarly, analysts have largely revised upwards their earnings forecasts for several months.

From a technical point of view, the stock operates in an upward trend since May. The proper orientation of the moving averages suggests no reversal of the trend in the coming sessions. The stock has recently tested and briefly crossed the upper limit of the triangle.

The various elements set will allow investors to benefit from the upward trend of the share SMA Solar Technology on current prices. A first target will be set on the resistance of EUR 45.1. If breakout of the latter, new targets will be reached upward crossing of the triangle towards EUR 50 (12% potential). A stop-loss under EUR 44 will protect the trade.