Seeking Alpha analysts reiterated a Strong Buy rating for Siemens Energy. The price target for the company rose to $220.
Third-quarter 2026 results showed a backlog surge to €162 billion. Quarterly revenue increased 19% year-over-year.
Management raised 2026 guidance for comparable revenue growth to between 14% and 16%. Profit margin expectations for 2026 now range between 10% and 12%.
The Siemens Gamesa unit posted its first positive margin since 2022. Gas Services and Grid Technologies divisions saw growth driven by data center and power generation demand.