This SalkunRakentaja article features two stocks that Goldman Sachs has added to its “buy list”
One of them is Siemens Energy.
Just a couple of years ago, Siemens Energy’s story was dominated by a cycle of losses stemming from quality issues with Gamesa’s wind turbines, which forced the company to rely on German state guarantees.
Now, the focus has shifted toward the structural growth in electricity demand.
Goldman’s thesis fits perfectly into this turnaround, where the grid and turbine business has overtaken wind power troubles as the company’s main draw.