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STOCKS NEWS EUROPE-SMA Solar gains, lifts 2009 guidance

Thu Nov 12, 2009 10:00am EST

Stocks

   

Shares in SMA Solar (S92G.DE) rise nearly 15 percent, making them the top gainers among German tech stocks .TECDAX after the solar specialist raises its sales outlook for 2009 to 850-900 million euros ($1.28-1.35 billion). "That is the second time it has raised its guidance for 2009. Something like this really goes over well on the market," a Frankfurt-based trader says.

SMA lifted its sales target to 760 to 810 million from 680 to 730 million On Oct 20. [ID:nEQdfuavhp]

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