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Siemens Energy rises and defends €140 support; JPMorgan remains optimistic

The Siemens Energy share recently gained and is trading just above the key support around €140. JPMorgan reiterated its "Overweight" rating and maintains a price target of €245.00, implying upside potential of about 70 percent. CEO Christian Bruch expressed confidence in strong summer demand and expects the upper end of the profit forecast. From a chart perspective, it remains to be seen whether a trend reversal succeeds after testing the support. » More on deraktionaer.de
Siemens Energy share falls after report on SpaceX gas-turbine components – JPMorgan reassures

Siemens Energy's share extended losses on Tuesday that have been ongoing since mid‑August and fell intraday to the lowest level since mid‑August, but closed only moderately lower. The trigger was a report that Elon Musk could move into the manufacture of certain gas‑turbine components for data centers with SpaceX. JPMorgan analyst Phil Buller regards this as not a new development and more a sign of rising turbine demand; direct competitive risks currently affect only around 10 percent of the group’s revenue. » More on de.investing.com
Siemens Energy initiates spin-off of Transformation of Industry and strengthens focus on gas turbines and grids

Siemens Energy has launched the separation of the Transformation of Industry division, which will operate under the Omterra brand going forward, while the group intends to retain a significant minority stake. The company reported a record quarter with strong order intake (€17.9bn), revenue growth and a confirmed, raised full-year outlook. The realignment is intended to allow greater concentration on higher-margin gas turbines and grid technologies and is accompanied by mostly buy recommendations from analysts. » More on finanzen.net