Siemens Energy (ENR GR) Germany

Industrials

MYST Advisors

A “backdoor” AI infrastructure play amid growing power bottlenecks from new data centre construction. As data centres cannot rely on intermittent renewables, natural gas turbines are seen as the only viable near-term solution. The market is extremely tight, with projected demand of 80-100GW vs. supply of only ~70GW and consensus likely underestimating both pricing and volume potential. ENR’s Gas business is positioned to deliver 20%+ long-term margins, while its Grid Technologies division should benefit from global electrification and grid modernisation, with revenue expected to exceed €20bn by 2030. Shares could double over the next 3 years, driven by earnings beats and a profit inflection in the Wind segment. The upcoming November Analyst Day is viewed as a major catalyst.

- 17 October, 2025

Siemens Energy (ENR GR) Germany

Industrials

Starling Advisors

Massive overreaction as the share price plunges nearly 40% following a profit warning in the Siemens Gamesa division - the drop erased €7bn in ENR’s market value vs. restructuring costs estimated at ~€1bn. While Alex Dwek thinks it probably means break-even for SGRE is delayed by a year or so, the trend towards cleaner energy is accelerating and ENR is entering a new phase of growth with a good-quality record-high backlog in Gas Services, Grid Technology, and Transformation of Industry, which should convert into high revenue growth, margin expansion and profitability. On Aug 7th management will provide Q3 results and give more visibility on costs, which should act as a catalyst to restore credibility. TP €24.00 (60% upside).

- 07 July, 2023