Bernstein Backs Siemens, Siemens Energy, and Schneider Electric, Expecting Data Center Growth to Drive Power Equipment Demand

Deep News11-03

On November 3rd, Bernstein released its list of top stock picks in the European capital goods sector, stating that continuous growth in global data center infrastructure investment will drive demand for power systems, energy infrastructure, and industrial automation equipment. The firm expressed strong optimism for three companies—Siemens, Siemens Energy, and Schneider Electric—all rated "Outperform."

Specifically, Bernstein assigned a price target of 330 euros to German industrial group Siemens AG (SIEGY), believing its electrical equipment and automation businesses are poised to benefit from rising data center construction investment. It set a price target of 210 euros for Siemens Energy, bullish on the increased electricity demand and related energy infrastructure investment brought by data center expansion. It also gave a price target of 340 euros to French electrical equipment manufacturer Schneider Electric, expecting AI and data center infrastructure development to continue fueling demand for electrical systems and create growth opportunities for the company.

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