BUZZ-UBS double upgrades Siemens Energy on continued growth, shares jump

Reuters01-23
BUZZ-UBS double upgrades Siemens Energy on continued growth, shares jump

** Siemens Energy ENR1n.DE sits at the top of Germany's blue chip index .GDAXI after UBS double upgrades it to "buy" from "sell", saying the company can continue to deliver gas turbine order growth in 2026

** UBS says that although the shares gained 132% in 2025, the earnings story will not peak by fiscal year 2030, with more than 70% of EBITDA exposed to structural aftermarket and grid growth

** The broker models a 5% compound annual growth rate in EBITDA from FY 2030 to 2034

** UBS says it is about 14% ahead of a Visible Alpha consensus on gas services orders across FY 2026 to 2028, as it believes the up-cycle is still at early stages

** Fiscal 2026 is supported by GE Vernova GEV.N guiding for around 20 gigawatts of orders in Q4 2025, UBS adds

** As of 1015 GMT, Siemens Energy shares are up 3%

(Reporting by Maria Rugamer)

((Maria.Rugamer@thomsonreuters.com))

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