SMA Solar Technology AG IPO

June 19 2008 - Renewableenergystocks.com - SMA Solar Technology AG has made public its plans for raising between 100 million and 150 million euros in an IPO for up to 4.5 million new shares to investors.

The shares will be listed on the Frankfurt Stock Exchange,with subscription period commencing no earlier than June 23 and end no later than July 3.

SMA Solar Technology AG, with its headquarters in Niestetal, Germany, and eight international subsidiaries on four continents sells solar inverters, a central component of every solar power system. The global market leader in solar inverters, ranked according to sales volume, currently employs approximately 2,200 employees and generated sales totaling approximately 330 million euros in 2007. http://www2.sma.de/en/index.php

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