Price targets

Analyst ratings

7 analysts rated this company in the past 90 days. The average target price is €70.57, this is a change of -35.3% compared to the current price.

• September 26, 2025

  Bernstein maintains Siemens Energy at 'underperform'

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Siemens Energy at "underperform" with a price target of €37. In an industry study released Monday, Nicholas Green addressed the question of which European capital goods stocks belong in a climate fund portfolio. ABB was once again the overall winner, with Siemens and Schneider Electric having worked their way up to similarly strong positions, he wrote. Siemens Energy is among the companies making good progress in implementing its – albeit so far unambitious – commitments to reduce CO2 emissions./edh/tih

  Publication of the original study: September 26, 2025 / 5:14 p.m. / UTC

  First distribution of the original study: September 29, 2025 / 5:00 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 5, 2025

  Bernstein maintains Siemens Energy at 'underperform'

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Siemens Energy at "underperform" with a price target of €37. In a study released Monday, Nicholas Green examined the assessments and outlook of the European capital goods industry for the second half of 2025. He wrote that the energy technology group's order situation is likely almost at its peak. His thesis of a "normalization after the boom" should come into effect starting with the Capital Markets Day in November./edh/tih

  Publication of the original study: September 5, 2025 / 7:48 PM / UTC

  First distribution of the original study: September 8, 2025 / 5:00 AM / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 3, 2025

  Bernstein leaves Siemens Energy at 'underperform' - target 37 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Siemens Energy at "Underperform" with a price target of €37. Analyst Nicholas Green therefore sees continued enormous price risks in his summary of the current situation on Wednesday afternoon./ag/gl

  Publication of the original study: September 3, 2025 / 4:50 p.m. / UTC First distribution of the original study: September 4, 2025 / 5:00 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 21, 2025

  Bernstein maintains Siemens Energy at 'underperform'

  NEW YORK (dpa-AFX Analyser) - US analyst Bernstein Research has maintained its rating for Siemens Energy at "underperform" with a price target of €37. In response to strong order intake in the third fiscal quarter and a shift in the valuation horizon into the future, it has slightly raised its revenue and earnings (EBITDA) forecasts for the energy technology group, Nicholas Green wrote in a study released Friday. However, the shares appeared to be overvalued./rob/edh/mis

  Publication of the original study: August 21, 2025 / 6:36 PM / UTC

  First distribution of the original study: August 22, 2025 / 5:00 AM / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 7, 2025

  Deutsche Bank raises target for Siemens Energy to 110 euros - 'Buy'

  FRANKFURT (dpa-AFX Analyser) - Deutsche Bank Research has raised its price target for Siemens Energy from 100 to 110 euros following quarterly figures and left the rating at "Buy". In response to the energy technology group's strong performance, it has raised its earnings (EPS) forecasts for the next three years by up to three percent, Gael de-Bray wrote in a study released Thursday./edh/tih

  Publication of the original study: August 7, 2025 / Time not specified in study / CET

  First distribution of the original study: August 7, 2025 / 8:05 a.m. / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 6, 2025

  JPMorgan leaves Siemens Energy at 'Neutral' - Target 78 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Siemens Energy at "Neutral" with a price target of €78 following the company's earnings release. The energy technology group's strong momentum has continued, wrote Akash Gupta in a quick assessment released Wednesday. He highlighted the strong order intake in the third fiscal quarter. The fact that this forecast was 17 to 18 percent higher than the consensus was primarily due to the strong business performance of wind turbine manufacturer Siemens Gamesa./rob/ck/bek

  Publication of the original study: August 6, 2025 / 6:58 a.m. / BST

  First distribution of the original study: August 6, 2025 / 6:58 a.m. / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 6, 2025

  Goldman raises target for Siemens Energy to 110 euros - 'Buy'

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs raised its price target for Siemens Energy from €100 to €110 following the third-quarter results and maintained its "Buy" rating. At the group level, profit, cash flow, and orders exceeded expectations, wrote Ajay Patel in a study released Thursday. He also factored in a bond transaction and an increased sector valuation into his estimates and the model for the energy technology group./tih/la

  Publication of the original study: August 6, 2025 / 8:16 PM / BST

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 6, 2025

  Bernstein leaves Siemens Energy at 'underperform' - target 37 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Siemens Energy at "underperform" after the company's earnings release, with a price target of €37. The energy technology group's order book was strong in the third fiscal quarter, analyst Nicholas Green wrote in a report released Wednesday. However, the Gamesa wind power division continues to have a negative impact on profitability, as it has not met expectations./rob/tih/bek

  Publication of the original study: August 6, 2025 / 7:00 a.m. / UTC

  First distribution of the original study: August 6, 2025 / 7:00 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 6, 2025

  UBS maintains Siemens Energy at 'Sell' - target 38 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained a "sell" rating on Siemens Energy following its earnings release, with a price target of €38. Analyst Supriya Subramanian highlighted the energy technology group's surprisingly strong order intake in a positive light in a quick assessment released Wednesday. However, she described the overall figures as "mixed." In addition, the consensus is already at the upper end of the company's margin outlook./rob/ck

  Publication of the original study: August 6, 2025 / 5:36 a.m. / GMT

  First distribution of the original study: August 6, 2025 / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 31, 2025

  JPMorgan leaves Siemens Energy at 'Neutral' - Target 78 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Siemens Energy at "Neutral" with a price target of €78 ahead of third-quarter results. Akash Gupta wrote in an outlook on Thursday that no key figures have been released yet. This suggests that the figures are likely to be roughly in line with consensus estimates./rob/bek/he

  Publication of the original study: July 31, 2025 / 7:20 p.m. / BST First distribution of the original study: July 31, 2025 / 7:20 p.m. / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 9, 2025

  Barclays raises target for Siemens Energy - 'Equal Weight'

  LONDON (dpa-AFX Analyst) - British investment bank Barclays has raised its price target for Siemens Energy from €47 to €66 and maintained its rating at "Equal Weight." According to his outlook for the reporting season on Wednesday, analyst Vladimir Sergievskiy expects a sluggish quarter for the European capital goods sector. 65 percent of companies could miss revenue expectations. Looking ahead to the second half of the year, he sees high uncertainty./ag/la

  Publication of the original study: July 9, 2025 / 3:03 p.m. / GMT. First distribution of the original study: July 10, 2025 / 4:00 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 30, 2025

  JPMorgan raises target for Siemens Energy to 78 euros - 'Neutral'

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan raised its price target for Siemens Energy from €58 to €78, but maintained its rating at "Neutral." Ahead of the quarterly results on August 6, analyst Akash Gupta slightly raised his estimates for pre-tax profit before special items for fiscal years 2024/25 and 2025/26, despite increasing headwinds from negative currency effects. The energy technology group is likely to update its outlook. According to the assessment published on Tuesday, Gupta expects a margin target at the upper end of the previous target range. He expects a revision of the medium-term targets at the Capital Markets Day in November. However, he justifies his new price target with the postponement of the share's valuation period from 2026 to 2027./rob/gl/ag

  Publication of the original study: June 30, 2025 / 7:37 PM / BST First distribution of the original study: July 1, 2025 / 12:15 AM / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 20, 2025

  JPMorgan leaves Siemens Energy at 'Neutral' - Target 58 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Siemens Energy at "Neutral" with a price target of €58. The IPO of Siemens Energy India Limited will have a short- and medium-term impact on Siemens Energy, Akash Gupta wrote on Friday. The Bavarian company, after all, holds shares in Siemens India and Siemens Energy India Limited. A non-cash book gain of approximately half a billion euros is expected in the third quarter. Siemens Energy is also obligated to acquire a majority stake in Siemens Energy India Limited. Unlike in the past, however, the resources required for this are no longer a major cause for concern./rob/ag/tih

  Publication of the original study: June 20, 2025 / 10:39 AM / BST

  First distribution of the original study: June 20, 2025 / 10:39 AM / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 16, 2025

  Deutsche Bank raises target for Siemens Energy to 100 euros - 'Buy'

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research raised its price target for Siemens Energy from €95 to €100 following an investor event in the US and maintained its "Buy" rating. CEO Christian Bruch expects a continuous margin increase in the coming years and intends to raise the margin target for 2028 at the next capital markets day, Gael de-Bray wrote in a study released Monday. He also anticipates the introduction of a share buyback program and the possible sale of the compression business./edh/tih

  Publication of the original study: June 16, 2025 / Time not specified in the study / CET

  First distribution of the original study: June 16, 2025 / 8:01 a.m. / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 12, 2025

  Bernstein leaves Siemens Energy at 'underperform' - target 37 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Siemens Energy at "underperform" in its second-quarter industry outlook, with a price target of €37. Analyst Nicholas Green examined the question on Thursday whether the current price is appropriate for a booming stock. He stated that the company is currently valued at more than 10 times future operating profit (EBITDA) due to order growth and the renewed dividend payment. If the effects are only temporary, he considers a P/E ratio of around 6.3 to be fair./tih/ag

  Publication of the original study: June 12, 2025 / 8:08 PM / UTC

  First distribution of the original study: June 13, 2025 / 5:00 AM / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 5, 2025

  Deutsche Bank raises target for Siemens Energy to 95 euros - 'Buy'

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has raised its price target for Siemens Energy from €82 to €95 and maintained its rating at "Buy." Analyst Gael de-Bray sees several price drivers through the end of the year in a study published Thursday. The energy technology company is well positioned to benefit from a multi-year investment cycle in the industry. Recently, this approach has gained further momentum with the energy requirements of AI-specific data centers. Despite the strong performance of the shares, there are no reasons to believe that this is coming to an end./tih/ajx

  Publication of the original study: June 5, 2025 / Time not specified in the study / CET

  First distribution of the original study: June 5, 2025 / 7:50 a.m. / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 16, 2025

  Bernstein raises Siemens Energy target to 37 euros - 'Underperform'

  NEW YORK (dpa-AFX Analyst) - US analyst Bernstein Research has raised its price target for Siemens Energy from €22 to €37, but maintained its rating at "underperform." In response to the energy technology group's quarterly figures, it has significantly raised its earnings (EPS) forecasts for the current and coming fiscal years, Nicholas Green wrote in a study released Monday. He justified his continued negative investment opinion with his belief that the stock is still overvalued./rob/edh/ajx

  Publication of the original study: May 16, 2025 / 8:07 PM / UTC

  First distribution of the original study: May 19, 2025 / 5:00 AM / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 8, 2025

  Bernstein maintains Siemens Energy at 'underperform'

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Siemens Energy at "underperform" with a price target of €22. Strong demand for the energy technology manufacturer's products continues, analyst Nicholas Green wrote in a report released Thursday. However, import tariffs are likely to have a slightly negative impact on the results./rob/bek/ajx

  Publication of the original study: May 8, 2025 / 7:48 a.m. / UTC

  First distribution of the original study: May 8, 2025 / 7:48 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 8, 2025

  Deutsche Bank raises target for Siemens Energy to 82 euros - 'Buy'

  FRANKFURT (dpa-AFX Broker) - Deutsche Bank Research has raised its price target for Siemens Energy from €74 to €82 and maintained its rating at "Buy." Demand is strong and the price trend is positive, Gael de-Bray wrote on Thursday after the quarterly report. He sees potential for surprises in growth, margins, and from tax loss carryforwards./ag/gl

  Publication of the original study: May 9, 2025 / Time not specified in study / CET

  First distribution of the original study: May 9, 2025 / 8:13 a.m. / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 8, 2025

  Goldman raises target for Siemens Energy to 86 euros - 'Buy'

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has raised its price target for Siemens Energy from €63 to €86 and maintained its "Buy" rating. Compared to GE Vernova, Siemens Energy is making tremendous progress, Ajay Patel wrote Thursday evening following the forecast increase. There is even more evidence that the valuation gap between the two stocks is likely to narrow further./ag/nas

  Publication of the original study: May 8, 2025 / 8:46 PM / BST

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 8, 2025

  JPMorgan raises target for Siemens Energy to 58 euros - 'Neutral'

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan raised its price target for Siemens Energy from €49 to €58, but left its rating at "Neutral." Akash Gupta adjusted his estimates Thursday evening based on the second-quarter results. His earnings forecast before special items for 2025 is increasing by 18 percent. However, with its new price target, it remains well below Xetra levels./rob/ag/tih

  Publication of the original study: May 8, 2025 / 9:38 PM / BST

  First distribution of the original study: May 9, 2025 / 12:15 AM / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 8, 2025

  UBS maintains Siemens Energy at 'Sell' - target 38 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Siemens Energy at "Sell" with a price target of €38. Supriya Subramanian wrote on Thursday that the results were solid – within the key data./rob/ag/ajx

  Publication of the original study: May 8, 2025 / 5:27 a.m. / GMT

  First distribution of the original study: May 8, 2025 / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 8, 2025

  JPMorgan leaves Siemens Energy at 'Neutral' - Target 49 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Siemens Energy at "Neutral" with a price target of €49. The results are in line with the key data, Akash Gupta wrote on Thursday./rob/ag

  Publication of the original study: May 8, 2025 / 6:46 a.m. / BST

  First distribution of the original study: May 8, 2025 / 6:46 a.m. / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 23, 2025

  Jefferies maintains Siemens Energy at 'Hold' - target 55 euros

  NEW YORK (dpa-AFX Analyst) - The research firm Jefferies has maintained its rating for Siemens Energy at "Hold" with a price target of €55. Analyst Simon Toennessen expressed relative complacency regarding the risk of a recession in a study released Thursday. He noted that some end markets for capital goods manufacturers have already shown weakness over the past two years. Furthermore, share valuations have fallen to long-term averages. The companies also had robust balance sheets./bek/edh

  Publication of the original study: April 23, 2025 / 6:33 a.m. / ET

  First distribution of the original study: April 23, 2025 / 7:00 p.m. / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 23, 2025

  Goldman maintains Siemens Energy 'Buy' - target 63 euros

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its "Buy" rating for Siemens Energy with a price target of €63. GE Vernova's strong quarterly results suggest positive sentiment for the German competitor, analyst Ajay Patel wrote Wednesday afternoon. Siemens Energy shares are valued at half the price of GE Vernova. Patel expects the valuation gap to narrow./ag/edh

  Publication of the original study: April 23, 2025 / 2:54 PM / BST

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 17, 2025

  JPMorgan leaves Siemens Energy at 'Neutral' - Target 49 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Siemens Energy at "Neutral" with a price target of €49. The market consensus is now likely to rise by double digits, wrote analyst Akash Gupta in his response to strong quarterly results and higher annual targets published Thursday./ag/gl

  Publication of the original study: April 17, 2025 / 3:24 a.m. / BST First distribution of the original study: April 17, 2025 / 3:24 a.m. / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 17, 2025

  Deutsche Bank raises target for Siemens Energy to 74 euros - 'Buy'

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research raised its price target for Siemens Energy from €62 to €74 following preliminary quarterly figures and maintained its "Buy" rating. The energy technology group performed significantly better than expected, wrote analyst Gael de-Bray in a commentary published Thursday. It raised its earnings estimates (EPS) for the next three years by an average of 20 percent./gl/zb

  Publication of the original study: April 17, 2025 / 7:57 a.m. / CET. First distribution of the original study: Date not specified in study / Time not specified in study / CET.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 16, 2025

  Goldman maintains Siemens Energy 'Buy' - target 63 euros

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its "Buy" rating for Siemens Energy with a price target of €63. Thanks to the Gas & Power division, earnings and cash flow targets have increased significantly, analyst Ajay Patel wrote on Wednesday evening after the key figures for the second fiscal quarter./ag/ajx

  Publication of the original study: April 16, 2025 / 9:08 PM / BST

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 16, 2025

  UBS maintains Siemens Energy at 'Sell' - target 38 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Siemens Energy following key figures for the second fiscal quarter and an increase in its forecast to "Sell" with a price target of €38. The energy technology group performed strongly, wrote analyst Supriya Subramanian in a report published Wednesday. The new corporate targets imply an increase in market expectations for revenue in the mid-single-digit range. Market expectations for adjusted operating earnings (EBITA) are expected to increase by approximately ten to twelve percent.

  Publication of the original study: April 16, 2025 / 7:28 p.m. / GMT. First distribution of the original study: April 16, 2025 / 7:28 p.m. / GMT.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 10, 2025

  Deutsche Bank lowers target for Siemens Energy to 62 euros - 'Buy'

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research lowered its price target for Siemens Energy from €68 to €62, but maintained its "Buy" rating. In a study on the European capital goods sector released Thursday, analyst Gael de-Bray determined the level of earnings growth or decline discounted in each stock he covers following the market correction. He then compared the risks for each stock in a downturn scenario for 2025. He considers the sell-off at Alstom, for example, to be exaggerated./ck/bek

  Publication of the original study: April 10, 2025 / Time not specified in the study / CEST

  First distribution of the original study: April 10, 2025 / 8:05 a.m. / CEST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 2, 2025

  Goldman maintains Siemens Energy 'Buy' - target 63 euros

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its "Buy" rating for Siemens Energy with a price target of €63. There is a shift in energy policy, wrote analyst Ajay Patel in his industry commentary published Thursday. The years of unprofitable legacy orders, higher costs, and supply chain pressure are largely over. While risks remain regarding competition from China, margins are gradually recovering. The energy technology group Siemens Energy is best positioned for the next quarterly reporting season./ck/ag

  Publication of the original study: April 2, 2025 / 9:31 PM / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 25, 2025

  Goldman maintains Siemens Energy 'Buy' - target 63 euros

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its rating for Siemens Energy at "Buy" with a price target of €63, following a report in "Manufacturing Today." The simplification strategy for Siemens Gamesa appears to be bearing fruit, analyst Ajay Patel wrote on Tuesday, referring to the majority acquisition of Siemens Gamesa Renewable Power India by a consortium of investors mentioned in the report. This should help the group catch up with GE Vernova in the group's valuation./ag/bek

  Publication of the original study: March 25, 2025 / 7:59 a.m. / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 14, 2025

  JPMorgan leaves Siemens Energy at 'Neutral' - Target 47 euros

  NEW YORK (dpa-AFX Analyser) - The US bank JPMorgan has left its rating for Siemens Energy at "Neutral" with a price target of 47 euros following the award of supply chain framework contracts by National Grid. The conclusion is positive for the companies selected by the grid operator, NKT, Prysmian, and Siemens Energy, wrote analyst Akash Gupta in a study published Friday./tih/gl

  Publication of the original study: March 14, 2025 / 07:01 / GMT First distribution of the original study: March 14, 2025 / 07:01 / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 13, 2025

  Goldman maintains Siemens Energy 'Buy' - target 63 euros

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its "Buy" rating for Siemens Energy with a price target of €63. The contract with National Grid likely secures 15 percent of the order intake for the entire group, analyst Ajay Patel wrote in his commentary on Thursday. He sees further contract opportunities from SSE and Iberdrola in the coming months./ag/mis

  Publication of the original study: March 13, 2025 / 10:03 AM / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 10, 2025

  Goldman maintains Siemens Energy 'Buy' - target 63 euros

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its "Buy" rating for Siemens Energy with a price target of €63. The Munich-based company generated 31 percent of its revenue last year in the gas sector, analyst Ajay Patel wrote on Monday, referring to the exploratory plans of the CDU/CSU and SPD to build gas-fired power plants with a capacity of 20 gigawatts by 2030. He sees these as additional growth drivers from 2028 onwards. He believes the valuation gap with GE Vernova is likely to narrow./ag/tih

  Publication of the original study: March 10, 2025 / 7:33 a.m. / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 6, 2025

  Goldman raises target for Siemens Energy to 63 euros - 'Buy'

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs raised its price target for Siemens Energy from €61 to €63 and maintained its "Buy" rating. Analyst Ajay Patel made minor adjustments to the margin forecasts for the Power & Gas segment in a report released Friday, acknowledging the improved cash flow./ag/mis

  Publication of the original report: March 6, 2025 / 1:55 PM / GMT

  First distribution of the original report: Date not specified in report / Time not specified in report / Time zone not specified in report

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 28, 2025

  JPMorgan leaves Siemens Energy at 'Neutral' - Target 47 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Siemens Energy at "Neutral" with a price target of €47. Despite a mixed picture in leading indicators, European capital goods companies' fourth-quarter results were overall better than expected, analyst Akash Gupta wrote in a summary industry report released Monday. Geographically, the sales markets of North America, the Middle East, and India were the most important growth drivers, while Europe and China remained weak. His "top picks" in the sector are Alstom, FLSmidth, IMI, Knorr-Bremse, Metso, Prysmian, Signify, Smiths Group, Spectris, and Weir./edh/ag

  Publication of the original study: February 28, 2025 / 4:12 PM / GMT

  First distribution of the original study: March 3, 2025 / 12:15 AM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 25, 2025

  Goldman raises target for Siemens Energy to 61 euros - 'Buy'

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs raised its price target for Siemens Energy from €60 to €61 and maintained its "Buy" rating. Analyst Ajay Patel adjusted his estimates on Tuesday based on the first-quarter results./ag/gl

  Publication of the original study: February 25, 2025 / 1:04 p.m. / GMT First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 20, 2025

  Goldman maintains Siemens Energy 'Buy' - target 60 euros

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its "Buy" rating for Siemens Energy with a price target of €60. Following Germany's record year for auctions of onshore wind power projects, order volumes are particularly in focus following the federal election, analyst Ajay Patel wrote in his industry commentary on Thursday afternoon. He sees some political uncertainty, but does not expect a clear shift./ag/tih

  Publication of the original study: February 20, 2025 / 2:47 PM / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 13, 2025

  Deutsche Bank Research raises target for Siemens Energy - 'Buy'

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has raised its price target for Siemens Energy from €60 to €65 and maintained its "Buy" rating. The energy technology group's quarterly figures confirmed the surprisingly strong key figures published at the end of January, analyst Gael de-Bray wrote in an assessment released Thursday. He sees the company as ideally positioned to benefit from the ongoing investment "supercycle" in the power grid./gl/bek

  Publication of the original study: February 13, 2025 / 8:05 a.m. / CET

  First distribution of the original study: Date not specified in study / Time not specified in study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 13, 2025

  Berenberg raises target for Siemens Energy to 75 euros - 'Buy'

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has raised its price target for Siemens Energy from €70 to €75 following a meeting with CEO Christian Bruch and CFO Maria Ferrarovon, while maintaining the "Buy" rating. Demand is currently as good as he expected, analyst Philip Buller wrote in a report released Thursday. The energy technology group's order share related to artificial intelligence is currently still limited, but is likely to have significant upside potential./bek/tih

  Publication of the original study: February 13, 2025 / 6:29 a.m. / GMT

  First distribution of the original study: February 13, 2025 / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 12, 2025

  JPMorgan raises target for Siemens Energy to 47 euros - 'Neutral'

  NEW YORK (dpa-AFX Analyser) - The US bank JPMorgan has raised its price target for Siemens Energy from 44 to 47 euros and left the rating at "neutral". Analyst Akash Gupta wrote on Wednesday in an assessment revised during the day that he had adjusted his valuation model for the energy technology group to reflect the current, better-than-expected quarterly figures./gl/ajx

  Publication of the original study: February 12, 2025 / 11:58 / GMT First distribution of the original study: February 12, 2025 / 11:58 / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 12, 2025

  Goldman maintains Siemens Energy 'Buy' - target 60 euros

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its "Buy" rating for Siemens Energy with a price target of €60. Analyst Ajay Patel wrote on Wednesday following the final figures for the fourth fiscal quarter, calling Siemens Energy a strong recovery story. These figures show that the energy technology group is making excellent progress. This would further narrow the valuation gap with competitor GE Vernova./ajx/gl

  Publication of the original study: February 12, 2025 / 7:13 a.m. / GMT First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 12, 2025

  JPMorgan leaves Siemens Energy at 'Neutral' - Target 44 euros

  NEW YORK (dpa-AFX Analyst) - JPMorgan has maintained a "Neutral" rating on Siemens Energy following final figures, with a price target of €44. Following the energy technology company's positive preliminary report at the end of January, the company is now looking into the details, wrote analyst Akash Gupta in a quick assessment published Wednesday. He pointed out that the strong cash flow was primarily due to payments from customers. The sharp increase in contract balances compared to order intake in the first fiscal quarter also indicates that Siemens Energy may have received significant reservation fees during the quarter, which is a good sign for future order intake./ck/gl

  Publication of the original study: February 12, 2025 / 07:03 / GMT. First distribution of the original study: February 12, 2025 / 07:03 / GMT.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 12, 2025

  Jefferies maintains Siemens Energy at 'Hold' - target 50 euros

  NEW YORK (dpa-AFX Analyst) - Following the final quarterly figures, analyst Jefferies has maintained a "Hold" rating on Siemens Energy with a price target of €50. The results largely correspond to the key figures published at the end of January, wrote analyst Simon Toennessen in an assessment published on Wednesday. The energy technology group has confirmed its outlook./gl/tih

  Publication of the original study: February 12, 2025 / 1:43 a.m. / ET First distribution of the original study: February 12, 2025 / 1:43 a.m. / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 12, 2025

  UBS maintains Siemens Energy at 'Sell' - target 38 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Siemens Energy at "Sell" with a price target of €38 following figures for the first quarter of 2024/25. These figures are fully consistent with the previously published key figures, wrote analyst Supriya Subramanian in a study published Wednesday. The electrical and energy technology group has had a good start to the financial year./bek/gl

  Publication of the original study: February 12, 2025 / 6:31 a.m. / GMT First distribution of the original study: February 12, 2025 / 6:31 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 28, 2025

  Berenberg maintains Siemens Energy 'Buy' - target 70 euros

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained its "Buy" rating for Siemens Energy with a price target of €70. Analyst Philip Buller wrote on Tuesday after the company's results were released that the company performed strongly in the first quarter. Given the medium-term free cash flow potential, the stock is fundamentally very attractively valued. The news surrounding DeepSeek understandably triggered a correction in stocks related to power generation and data centers, but investments in grid infrastructure and flexible power generation are a much broader topic than artificial intelligence alone./ajx/la

  Publication of the original study: January 28, 2025 / 6:54 a.m. / GMT First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 28, 2025

  Deutsche Bank maintains Siemens Energy 'Buy' rating - target 58 euros

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its "Buy" rating for Siemens Energy with a price target of €58. The first-quarter figures and free cash flow were significantly stronger than expected, wrote analyst Gael de-Bray in a study released Tuesday. The stock reacted excessively negatively to the DeepSeek news, so there are now attractive buying opportunities./ajx/tih

  Publication of the original study: January 28, 2025 / Time not specified in the study / CET. First distribution of the original study: January 28, 2025 / 6:01 a.m. / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 27, 2025

  Barclays maintains Siemens Energy at 'Equal Weight' - target 36 euros

  LONDON (dpa-AFX Analyst) - British investment bank Barclays has maintained its rating for Siemens Energy at "Equal Weight" with a price target of €36. The key figures for the first fiscal quarter were solid, wrote analyst Vladimir Sergievskiy on Monday evening. However, they had likely been priced in by the market some time ago. An operating result approximately €80 million higher than market expectations is unlikely to have a significant impact on a market capitalization of €42 billion – even after the price slide at the start of the week. The share price trend will likely continue to be shaped by the market's belief in a once-in-a-generation demand environment – and corresponding profits./ag/mis

  Publication of the original study: January 27, 2025 / 11:35 PM / GMT

  First distribution of the original study: January 28, 2025 / 5:00 AM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 27, 2025

  UBS maintains Siemens Energy at 'Sell' - target 38 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained a "sell" rating on Siemens Energy with a price target of €38 following the after-hours release of preliminary quarterly figures. The energy technology group's shares are likely to react positively to the results given the surprisingly strong margins and strong cash generation, analyst Supriya Subramanian wrote in an initial reaction on Monday. This is especially true after the immediately preceding price slide.

  Publication of the original study: January 27, 2025 / 9:06 PM / GMT. First distribution of the original study: January 27, 2025 / 9:06 PM / GMT.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 27, 2025

  Jefferies maintains Siemens Energy at 'Hold' - target 50 euros

  NEW YORK (dpa-AFX Analyst) - Following the preliminary quarterly figures released after the market closed, the analyst firm Jefferies maintained a "Hold" rating on Siemens Energy with a price target of €50. The energy technology group significantly exceeded consensus estimates, providing relief, analyst Simon Toennessen wrote in an initial reaction on Monday. He referred to the previous share price drop due to the debate surrounding the Chinese AI startup DeepSeek, as well as the investments and energy requirements of AI in the future.

  Publication of the original study: January 27, 2025 / 3:01 p.m. / ET. First distribution of the original study: January 27, 2025 / 3:01 p.m. / ET.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 27, 2025

  JPMorgan leaves Siemens Energy at 'Neutral' - Target 44 euros

  NEW YORK (dpa-AFX Analyst) - Following the preliminary quarterly results released after the market closed, US bank JPMorgan maintained a "neutral" rating on Siemens Energy with a price target of €44. Analyst Akash Gupta praised the energy technology group for significantly exceeding consensus estimates in an initial reaction on Monday. However, given management's optimistic statements in December, the low consensus estimates surprised him. For the expert himself, the pre-tax cash inflow is the biggest surprise. However, the sell-off of the stock in previous Xetra trading – similar to other AI-sensitive stocks – could make the figures appear like a look in the rearview mirror, the expert warned, with a view to the debate surrounding the Chinese AI start-up DeepSeek and the future investments and energy requirements of AI.

  Publication of the original study: January 27, 2025 / 8:16 p.m. / GMT First distribution of the original study: January 27, 2025 / 8:16 p.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 27, 2025

  Bernstein maintains Siemens Energy at 'underperform'

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Siemens Energy at "underperform" with a price target of €22. The energy technology group presented strong figures, analyst Nicholas Green wrote on Tuesday following its first-quarter report. Following the share price slide related to DeepSeek, the market is likely to react positively. Management will raise its free cash flow forecast with the first-half figures./ajx/tih

  Publication of the original study: January 27, 2025 / 10:54 PM / UTC

  First distribution of the original study: January 27, 2025 / 10:54 PM / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 27, 2025

  Goldman maintains Siemens Energy 'Buy' - target 60 euros

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its "Buy" rating for Siemens Energy with a price target of €60 following preliminary figures for the first fiscal quarter. Analyst Ajay Patel now believes an increase in the forecast for full-year free cash flow (FCF) is likely, according to a study released Tuesday. Following strong performance, the energy technology group now expects to exceed its current forecast for pre-tax FCF for the fiscal year ending 2025 and therefore intends to update this forecast with the half-year report. Regarding the Gamesa wind power division, he wrote that it performed poorly, as expected./ck/tih

  Publication of the original study: January 27, 2025 / 9:55 PM / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 23, 2025

  Deutsche Bank maintains Siemens Energy 'Buy' rating - target 58 euros

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its rating for Siemens Energy at "Buy" with a price target of €58. The energy technology company's shares have been on a rollercoaster ride in recent weeks, wrote analyst Gael de-Bray in his commentary published Thursday. However, the positive news flow, including updates on the Stargate project and the national energy emergency in the US, more than offsets the negative news, such as the rotor blade problems in Sweden and the restrictions on offshore wind power in the US. Massive investments in energy infrastructure supported the Group's grid and gas turbine businesses./ck/ag

  Publication of the original study: January 23, 2025 / Time not specified in the study / CET

  First distribution of the original study: January 23, 2025 / 8:15 a.m. / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 21, 2025

  Bernstein leaves Siemens Energy at 'underperform' - target 22 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Siemens Energy at "underperform" with a price target of €22. Following Trump's inauguration in the US, hardly anyone currently has a concrete idea of how tariffs will really develop, wrote analyst Nicholas Green in his commentary on the European capital goods industry published Wednesday. He is not attempting to engage in speculation, but rather to provide facts based on the results of a survey of around 40 companies. EU companies are focusing primarily on "local-for-local" procurement, meaning they operate locally. Therefore, only 30 percent of manufacturing costs are "imported" and at risk of tariffs. Siemens Energy did not provide any specific figures, but the company is strongly positioned in the US./ag/ajx

  Publication of the original study: January 21, 2025 / 7:52 PM / UTC

  First distribution of the original study: January 22, 2025 / 6:00 AM / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 21, 2025

  Berenberg maintains Siemens Energy 'Buy' - target 70 euros

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained its "Buy" rating for Siemens Energy with a price target of €70. According to his commentary published on Tuesday, analyst Philip Buller considers the concerns about the wind power division and its valuation to be "noise," or much ado about nothing. He advises taking advantage of the price setback following another expert's justified sell recommendation to buy the company./ag/bek

  Publication of the original study: January 21, 2025 / 6:30 a.m. / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 19, 2025

  UBS downgrades Siemens Energy to 'Sell' - 'Priced for perfection'

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has raised its price target for Siemens Energy shares from €23 to €38 following their rally, but downgraded the stock from "neutral" to "sell." Supriya Subramanian wrote in her analysis published Monday that the shares are now "priced for perfection," meaning an optimal performance is already more than factored in. However, the expert certainly sees risks to the turnaround of Siemens Gamesa's profitability. For example, it cites an erosion of market share in the onshore wind turbine sector./ag/zb

  Publication of the original study: January 19, 2025 / 9:50 p.m. / GMT

  First distribution of the original study: January 20, 2025 / Time not specified in the study / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 17, 2025

  Bernstein maintains Siemens Energy at 'underperform'

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Siemens Energy at "underperform" with a price target of €22. Analyst Nicholas Green described the European capital goods sector as a "patchwork" of disparate business models in his industry commentary published Monday. Siemens Energy is among his most compelling sell recommendations. Among other things, the energy technology group faces the risk that optimism for its Gas and Power (GP) division has become too great./tih/ag

  Publication of the original study: January 17, 2025 / 5:27 p.m. / UTC

  First distribution of the original study: January 20, 2025 / 6:00 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 13, 2025

  Goldman raises target for Siemens Energy to 60 euros - 'Buy'

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has raised its price target for Siemens Energy from €56 to €60 and maintained its "Buy" rating. Demand for energy from large data centers is expected to rise sharply in the coming years, analyst Alberto Gandolfi wrote in a sector study released Monday. Meanwhile, the trend of volatile electricity prices is likely to continue. The expert explained the higher price target for Siemens Energy primarily with a higher valuation of the Gas & Power division./bek/mis

  Publication of the original study: January 13, 2025 / 3:37 a.m. / GMT

  First distribution of the original study: January 13, 2025 / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 9, 2025

  Jefferies raises target for Siemens Energy to 50 euros - 'Hold'

  NEW YORK (dpa-AFX Analyst) - Research firm Jefferies raised its price target for Siemens Energy from €31 to €50 ahead of the release of first-quarter figures and maintained its "Hold" rating. Analyst Simon Toennessen expects a solid quarter with continued order momentum in a study released Friday./mis/zb

  Publication of the original study: January 9, 2025 / 11:44 AM / ET

  First distribution of the original study: January 9, 2025 / 7:05 PM / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 7, 2025

  JPMorgan leaves Siemens Energy at 'Neutral' - Target 44 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Siemens Energy at "Neutral" with a price target of €44. Analyst Akash Gupta offered an early outlook for the energy technology company's first fiscal quarter in a report released Tuesday. He made certain adjustments to his model based on competitor news, currency developments, and recent discussions with company representatives. He stated that the first quarter will be the strongest operating quarter due to seasonal factors. He does not expect any negative surprises this year.

  Publication of the original study: January 7, 2025 / 1:06 PM / GMT. First distribution of the original study: January 7, 2025 / 5:00 PM / GMT.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 3, 2025

  Bernstein raises target for Siemens Energy - 'Underperform'

  NEW YORK (dpa-AFX Analyser) - The US analyst firm Bernstein Research has raised its price target for Siemens Energy from 15 to 22 euros and left the rating at "underperform". This was the conclusion reached by analyst Nicholas Green in an industry study published Monday on the prospects of European capital goods companies in 2025. His long-term favorites are Schneider Electric, Siemens, Assa Abloy, Hexagon, Legrand, and CNH Industrial./mis/zb

  Publication of the original study: January 3, 2025 / 8:26 PM / UTC

  First distribution of the original study: January 6, 2025 / 6:00 AM / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• December 12, 2024

  Deutsche Bank Research maintains Siemens Energy's 'Buy' rating

  FRANKFURT (dpa-AFX Analyser) - Deutsche Bank Research has maintained Siemens Energy's "Buy" rating with a price target of EUR 57. The new medium-term financial targets of US competitor GE Vernova underpinned his assessment that the investment cycle in the energy transmission sector is gaining momentum and that the German energy technology group's significant valuation discount is unjustified, wrote analyst Gael de-Bray in a commentary published Thursday.

  Publication of the original study: December 12, 2024 / 7:50 a.m. / CET First distribution of the original study: Date not specified in study / Time not specified in study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• December 11, 2024

  Goldman upgrades Siemens Energy to 'Buy' after GE Vernova signals

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its "Buy" rating for Siemens Energy with a price target of €56. The capital markets day of competitor GE Vernova supports its assessment that the company's values should converge, wrote analyst Ajay Patel in his commentary published Wednesday. With their targets for 2028, the Germans painted a more positive picture than the US company./ag/gl

  Publication of the original study: December 11, 2024 / 6:41 a.m. / GMT First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• December 11, 2024

  JPMorgan leaves Siemens Energy at 'Neutral' - Target 44 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Siemens Energy at "Neutral" with a price target of €44. The growth targets set by competitor GE Vernova through 2028 are below Siemens Energy's targets, analyst Akash Gupta wrote on Wednesday in light of GE Vernova's investor event. The wind business makes the difference./ajx/nas

  Publication of the original study: December 11, 2024 / 7:01 PM / GMT First distribution of the original study: December 11, 2024 / 7:01 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• December 3, 2024

  Barclays raises target for Siemens Energy - 'Equal Weight'

  LONDON (dpa-AFX Analyst) - British investment bank Barclays raised its price target for Siemens Energy from €35 to €36, but maintained its rating at "Equal Weight." Even without considering tariff risks, the European capital goods group is unlikely to experience growth in the coming year, analyst Vladimir Sergievskiy wrote in his outlook published on Wednesday. The flagships are also expensive./ag/nas

  Publication of the original study: December 3, 2024 / 5:48 PM / GMT

  First distribution of the original study: December 4, 2024 / 4:00 AM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 18, 2024

  Deutsche Bank raises target for Siemens Energy to 57 euros - 'Buy'

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research raised its price target for Siemens Energy from €52 to €57 following an investor event and maintained its "Buy" rating. Analyst Gael de-Bray wrote in his commentary published on Monday that the meetings had made him even more positive than before. The company's margin assumptions for its gas, grid technology, and wind businesses are quite conservative. The expert raised his earnings estimates again./ajx/ag

  Publication of the original study: November 18, 2024 / Time not specified in the study / CET. First distribution of the original study: November 18, 2024 / 8:14 a.m. / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 18, 2024

  Goldman raises target for Siemens Energy to 56 euros - 'Buy'

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs raised its price target for Siemens Energy from €40.80 to €56 and maintained its "Buy" rating. Year one of three in the company's turnaround story has been successful, wrote Ajay Patel in his analysis published Monday. He is very optimistic about further sales growth with margin increases./ag/ajx

  Publication of the original study: November 18, 2024 / 1:49 a.m. / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 14, 2024

  Barclays raises target for Siemens Energy - 'Equal Weight'

  LONDON (dpa-AFX Analyst) - British investment bank Barclays raised its price target for Siemens Energy from €21 to €35, but maintained its rating at "Equal Weight." Analyst Vladimir Sergievskiy raised his estimates in his review of the quarterly report on Thursday morning. However, he believes the positive demand environment, which only occurs once in a generation, has been priced in and that the shares of competitor GE Vernova are more attractive./ag/tih

  Publication of the original study: November 14, 2024 / 6:29 a.m. / GMT

  First distribution of the original study: November 14, 2024 / 6:34 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 14, 2024

  Deutsche Bank Research raises target for Siemens Energy - 'Buy'

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research raised its price target for Siemens Energy from €43 to €52 and maintained its "Buy" rating. Analyst Gael de-Bray raised his estimates by up to 20 percent from fiscal year 2026 onward. The investment cycle in the electrification sector is gaining momentum, he wrote in his comments on a management meeting published Thursday./ag/mis

  Publication of the original study: November 14, 2024 / Time not specified in the study / CET

  First distribution of the original study: November 14, 2024 / 8:15 a.m. / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 13, 2024

  Bernstein maintains Siemens Energy at 'underperform'

  NEW YORK (dpa-AFX Analyst) - Following the company's results and raised medium-term targets, US analyst Bernstein Research has maintained its rating for Siemens Energy at "underperform" with a price target of €15. In a study published Wednesday, analyst Nicholas Green expects a positive reaction to the 2028 targets. He also noted the outlook for 2025 in a majority of the divisions. The only concern he has for the coming year is the Gamesa wind power division./tih/edh

  Publication of the original study: November 13, 2024 / 7:24 a.m. / UTC

  First distribution of the original study: November 13, 2024 / 7:24 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 13, 2024

  Deutsche Bank maintains Siemens Energy 'Buy' - target 43 euros

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its "Buy" rating for Siemens Energy following its quarterly results, with a price target of €43. The energy technology group has recorded strong order momentum and provided a very encouraging outlook for the 2027/28 fiscal year, wrote analyst Gael de-Bray in a study released Wednesday./edh/ajx

  Publication of the original study: November 13, 2024 / Time not specified in study / CET

  First distribution of the original study: November 13, 2024 / 08:09 / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 13, 2024

  Berenberg maintains Siemens Energy at 'Buy' - target 35 euros

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained its "Buy" rating for Siemens Energy following its quarterly results, with a price target of €35. The energy technology group presented strong figures, wrote analyst Philip Buller in an initial response released Wednesday. Furthermore, the outlook through fiscal year 2027/28 clearly exceeded expectations./edh/mis

  Publication of the original study: November 13, 2024 / 6:39 a.m. / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 12, 2024

  Jefferies maintains Siemens Energy at 'Hold' - target 31 euros

  NEW YORK (dpa-AFX Analyst) - Following preliminary fourth-quarter figures, analyst Jefferies has maintained its rating for Siemens Energy at "Hold" with a price target of €31. The energy technology manufacturer's order situation is strong, analyst Simon Toennessen wrote in an initial assessment on Tuesday. The forecasts for 2028 surprised positively in terms of margins.

  Publication of the original study: November 12, 2024 / 2:47 PM / ET. First distribution of the original study: November 12, 2024 / 2:47 PM / ET.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 12, 2024

  UBS maintains Siemens Energy at 'Neutral' - Target 23 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Siemens Energy at "Neutral" with a price target of €23 following its fourth-quarter results. Analyst Supriya Subramanian initially praised the strong order intake in a study published Wednesday. The increased medium-term targets are more or less in line with analyst consensus. In their opinion, these are unlikely to change significantly./tih/ajx

  Publication of the original study: November 12, 2024 / 11:57 PM / GMT

  First distribution of the original study: November 12, 2024 / 11:57 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 31, 2024

  Deutsche Bank Research raises target for Siemens Energy - 'Buy'

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research raised its price target for Siemens Energy from €38 to €43 and maintained its "Buy" rating. The energy technology group is well positioned to benefit from a multi-year supercycle in electrification investments, wrote analyst Gael de-Bray in a study released Thursday. Therefore, he believes the share, whose value has almost doubled since his upgrade in May and increased by 50 percent in the past three months, could, in the best case scenario, rise to €70./gl/mis

  Publication of the original study: October 31, 2024 / 8:08 a.m. / CET First distribution of the original study: Date not specified in study / Time not specified in study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 8, 2024

  Bernstein maintains Siemens Energy at 'underperform'

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Siemens Energy at "underperform" with a price target of €15. Analyst Nicholas Green examined emissions strategies in the European capital goods industry in an industry study released Tuesday. Due to inconsistent data, it's difficult to determine which stock is best suited for sustainability. ABB is performing best among the major sector leaders, followed by companies such as Siemens and Dürr. He expects more ambitious emissions targets from Siemens Energy soon./tih/mis

  Publication of the original study: October 8, 2024 / 5:00 a.m. / UTC

  First distribution of the original study: October 8, 2024 / 5:00 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 1, 2024

  Berenberg maintains Siemens Energy at 'Buy' - target 35 euros

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained its "Buy" rating for Siemens Energy with a price target of €35. The settlement with the US justice system brings the matter to a close, analyst Philip Buller wrote on Tuesday morning following inquiries from several investors. The investigations involved dates back to 2019./ag/edh

  Publication of the original study: October 1, 2024 / 6:21 a.m. / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 25, 2024

  Jefferies raises target for Siemens Energy to 31 euros - 'Hold'

  NEW YORK (dpa-AFX Analyst) - The research firm Jefferies has raised its price target for Siemens Energy from €27 to €31 and maintained its "Hold" rating. The upcoming figures should demonstrate a solid fiscal quarter for the energy technology company, analyst Simon Toennessen wrote in an outlook published Wednesday. His expectations for orders in the power and network segments (Grid Technologies) as well as at the wind energy subsidiary are significantly above consensus forecasts. However, he is more cautious about margins due to the seasonality of the gas turbine business and has also lowered his forecasts for the wind power business./gl/zb

  Publication of the original study: September 25, 2024 / 10:24 AM / ET. First distribution of the original study: September 25, 2024 / 10:24 AM / ET.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 18, 2024

  Berenberg maintains Siemens Energy at 'Buy' - target 35 euros

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained its rating for Siemens Energy at "Buy" with a price target of €35 following a roadshow with CFO Maria Ferraro. Analyst Philip Buller wrote in a study released Wednesday that he is becoming increasingly optimistic about organic growth in the Gas Services (GS) and Grid Technologies (GT) business units in the medium term. These are the main reasons why he gives the stock a particularly strong buy recommendation./tih/la

  Publication of the original study: September 18, 2024 / 6:06 a.m. / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 16, 2024

  Deutsche Bank Research raises target for Siemens Energy - 'Buy'

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research raised its price target for Siemens Energy from €29 to €31 and maintained its "Buy" rating. Recent signals from US competitor GE Vernova are very encouraging, wrote analyst Gael de-Bray in his commentary published on Monday. We are still at a fairly early stage in the investment cycle for the energy transition./ag/la

  Publication of the original study: September 16, 2024 / Time not specified in the study / CET

  First distribution of the original study: September 16, 2024 / 8:05 a.m. / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 10, 2024

  JPMorgan maintains Siemens Energy at 'Underweight' - target 13 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its "Underweight" rating on Siemens Energy with a price target of €13. His preferred stocks in the European capital goods sector are Alstom, IMI, Kion, Knorr-Bremse, Prysmian, Rotork, and Schneider Electric, wrote analyst Akash Gupta in his commentary published Wednesday. He attests to reasonable valuations and consensus estimates. Meanwhile, the expert advises against Alfa Laval and Siemens Energy. At the energy technology group Siemens Energy, the outlook for its gas turbine and power grid businesses remains positive. However, he was concerned about the weak balance sheet and the risks associated with the wind power subsidiary Gamesa, which is why he no longer believes the group will be able to reach the break-even point in 2026, as targeted./gl/ag

  Publication of the original study: September 10, 2024 / 7:38 p.m. / BST First distribution of the original study: September 11, 2024 / 12:15 a.m. / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 2, 2024

  Bernstein maintains Siemens Energy at 'underperform'

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Siemens Energy at "underperform" with a price target of €15. Analyst Nicholas Green listed his investment ideas in the capital goods sector for the remainder of the year in an industry report released Tuesday. Siemens Energy remains his top negative recommendation. While he significantly increased his expectations for the energy technology group's Gas & Power division, this is offset by lowered forecasts for its wind power subsidiary Gamesa./tih/ngu

  Publication of the original study: September 2, 2024 / 7:47 p.m. / UTC

  First distribution of the original study: September 3, 2024 / 5:05 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.