Siemens Energy AG (OTCMKTS:SMEGF – Get Free Report) shot up 4.9% on Wednesday . The company traded as high as $189.79 and last traded at $189.29. 4,540 shares changed hands during trading, a decline of 43% from the average session volume of 7,924 shares. The stock had previously closed at $180.47.
Wall Street Analysts Forecast Growth
Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Siemens Energy in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy”.
View Our Latest Report on Siemens Energy
Siemens Energy Trading Up 4.9%
Siemens Energy Company Profile
Siemens Energy AG is a global energy technology company headquartered in Munich, Germany. Established in 2020 as a spin-off from Siemens AG’s Energy Management and Power and Gas divisions, the company develops and delivers equipment, solutions and services across the energy value chain. Its portfolio encompasses products for power generation, transmission and storage, serving utilities, independent power producers and industrial customers.
The company’s main business activities include the design and manufacture of gas and steam turbines, generators and compressors for conventional power plants, as well as high-voltage transformers, switchgear and grid stabilization equipment for power transmission networks.
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