I couldn’t see the analyses. The latest buy recommendations are quite recent, 2-3 days old, with targets of 28-29 euros (e.g., Citigroup, Morgan Stanley, Jefferies).
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Here are some thoughts/calculations from a blogger:
“So based at a share price of currently 22,15 ER/per share, I would expect a potential upside of ~66% within 3 years which I think is a very attractive discount.”
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Cooperation in green hydrogen production in the Abu Dhabi region.
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Good evening from Siemens Energy news.
Yesterday’s interim report:
In addition, they announced they would lay off 7,800 people:
GE is suing Siemens Energy:
https://www.reuters.com/article/us-ge-siemens-lawsuit-idUSKBN29J2N2
And here is an image of Siemens Energy’s plan related to green hydrogen production:
Have a good evening.
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Siemens Energy will move up from the MDAX index to the DAX index on Monday, March 22nd.
Beiersdorf will move in the other direction.
https://www.boerse-frankfurt.de/nachrichten/07d8acb5-69f4-4a22-8b2d-e650920c231d
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Which subsidiary manufactures, installs, and maintains those mills? Siemens Gamesa SA, which is quite potential compared to many more familiar wind turbine manufacturers. Especially when they bring their new giant mill to the market.
They already have a prototype for hydrogen production with mills, whereas the Danish just started planning a similar one.
Another company not much known here is Iberdrola SA, which is a really high-class player in a wide market already and in the future.
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What is this ticker really? Siemens Gamesa Renewable Energy? Nordnet only has GTQ1, which has very low trading volume. Apparently there is also SGRE, but it can’t be found.
My wild guess is that SGRE is on the Madrid Stock Exchange because Siemens Gamesa is the result of the merger of Siemens Wind and Gamesa. Can’t get to the warmth of Madrid with Norttinet. I guess GTQ1 is still the same company though.
A Madridista can pick SGRE into their portfolio, or through Siemens Energy, which owns a majority stake in it.
GTQ1 is the stock of Siemens Gamesa. Trading volume might be low, as the company seems to own 67% of the shares. There’s a bit of a downturn now due to coronavirus, but if you look at the annual chart, it has risen nicely.
Iberdrola is interesting, I don’t feel like explaining it, but it’s very strongly involved in renewable energy with real actions all over the planet.
Here’s a link to news about the company’s deals, projects, etc.
https://www.iberdrola.com/press-room/news/pag-1/
This company won’t skyrocket, but it will grow steadily and surely in all renewable energies, and is also involved in old energy production and distribution. One would think the stock price would rise in some relation to economic growth, and they are constantly snapping up big solar/wind farm deals here and there.
https://www.iberdrola.com/press-room/news/detail/iberdrola-launches-billion-investment-plan-2025-firm-commitment-economic-recovery
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I’ve had Iberdrola in my portfolio since January, and I’ve been eyeing it for small dips many times. I have faith in the company. It should do well riding the megatrend.
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Let’s revive an old discussion, because this was music to my ears: that wind turbine blades could be recyclable, and now they’re starting practical testing. I also had to start researching the company; they just released their interim report, which was apparently a slight disappointment.
Recyclable blades:
Quick look at the interim report:
https://www.investing.com/news/gamesa-earnings-miss-revenue-beats-in-q3-2861951
Possibly 9% of the workforce to be laid off:
https://www.reuters.com/business/exclusive-siemens-gamesa-weighs-around-2500-job-cuts-sources-2022-08-01/
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Gamesa is a Spanish subsidiary, which is now merging back into Siemens Energy. But at least Yahoo says that Siemens Energy will publish Q2 only next week. Gamesa has had profitability challenges for a long time.
Edit. @Bittis Of course, the melting of Siemens Energy’s share price was mostly explained by these Gamesa challenges.
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Energy-related news in the sense that it already owns 67 percent of Gamesa.
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I was so lost, thanks! Now I understand the situation better.
Let’s bump this old thread, as things are happening there again. Today is the second time this year we’ve seen a major drop in the share price.
Based on the news, the reason is trouble getting guarantees from banks (if I translated that correctly?) and discussions regarding German state guarantees.
Here is the Reuters news:
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Kauppalehti:
German Siemens Energy raised its medium-term guidance on Wednesday, and the company’s share price surged over 19 percent. On Thursday, Siemens Energy’s shares were up again by more than one percent shortly after trading began.
Siemens Energy now expects revenue to grow by 8–10 percent in 2025 and to continue high single-digit or low double-digit growth until 2028.
- edit: @Mailman2 Good description from you. It has required nerves of steel, especially during that crash. It took a couple of evenings to think about whether the situation was really that bad. Fortunately, the company doesn’t rely on a single card, and neither does my own energy portfolio!
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If I remember correctly, it was at its lowest at about 6.4 euros (10/23), from which it has risen a staggering 600%.
Back then, Gamesa’s quality issues (falling turbine blades) caused massive write-downs, but the German state seemed to come to the rescue immediately, much like they did with Uniper.
A very contradictory company, where Gamesa is likely still firmly in the red? The wind power peer Vestas has gone down quite sharply along with other renewables, but then this parent company of Gamesa has been heading in a different direction for a while now.
Order backlogs for Energy – and specifically for the transmission segment – have been quite unbelievable. The book-to-bill ratio has been 4-6 in some quarters, if I remember correctly.
Transmission benefits from grid improvements with renewables and, more recently, the data center hype in mind. The gas business has also risen because now all energy is acceptable again, because of data centers…
Someone on the forum might have wondered how companies involved in the energy & renewables businesses are developing in such different directions.
Typically, those who have put a lot, if not everything, on a single renewable card have (quite literally) run out of steam – meaning they are living in a virtual reality created by the mainstream media. This is especially the case in Finland, of course.
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I have been holding this myself since the spin-off from Siemens was completed.
I would gladly add other reasonably stable companies to my portfolio that have proven expertise and market position in this energy transition, especially regarding power grids and their management. This expertise will be needed at an ever-accelerating pace as weather-dependent energy production increases and transportation becomes electrified. Hardly anyone denies that those two things are happening; there are more opinions on the extent to which the electrification of transportation will be done with hydrogen versus electricity and who will manufacture the vehicles, and similarly, wind/solar also divide opinions.
I haven’t bothered to follow all the twists and turns of Siemens Energy, but have trusted that Germany, which is undergoing Europe’s largest energy transition (at least in terms of euros), will keep Siemens Energy very busy, as will surely many other countries.
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Let’s revive this thread a bit, for a good reason in my opinion. Siemens Energy has been on a solid upward trajectory over the past year, with an increase of nearly 180%. It would be interesting to read professional views on the company and its future prospects.
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