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Impact of Siemens Energy on the technology group: Financial experts comment on the latest developments.
Siemens Energy share: Impact on the technology group The Siemens Energy share has recently recorded significant losses. After discussions with the federal government about possible guarantees were confirmed, the share price temporarily fell by 36 percent. This also has an impact on Siemens shares, which have fallen by 4.06 percent in the last five trading days. Losses over the past month now amount to 9.76 percent. The reason for this is that Siemens holds around a quarter of Siemens Energy. Analysts have commented on this topic and emphasized that Siemens Energy's talks will have an impact on the technology group...
Impact of Siemens Energy on the technology group: Financial experts comment on the latest developments.
Siemens Energy shares: impact on the technology group
Siemens Energy shares have recently posted significant losses. After discussions with the federal government about possible guarantees were confirmed, the share price temporarily fell by 36 percent. This also has an impact on Siemens shares, which have fallen by 4.06 percent in the last five trading days. Losses over the past month now amount to 9.76 percent. The reason for this is that Siemens holds around a quarter of Siemens Energy.
Analysts have commented on this topic and emphasized that Siemens Energy's talks have an impact on the technology group. Andrew Wilson from the US bank JPMorgan left the Siemens share rating at “Overweight” and gave a price target of 190 euros. He highlights that the latest news confirms the need for a stronger capital base for Siemens to achieve its growth targets. However, Siemens has already announced that it will not participate in the capital base of Siemens Energy. Nevertheless, in the current market situation it is difficult to carry out a rights issue without the participation of the largest shareholder.
The Canadian bank RBC also commented on the impact on Siemens. Analyst Mark Fielding confirmed the rating of Siemens shares as “Outperform” with a price target of 185 euros. He emphasizes that the confirmation of the project guarantees with the federal government is also bad news for Siemens, as the company holds around a quarter of Siemens Energy. Nevertheless, the effects are “not that serious”.
In summary, the losses in Siemens Energy shares also have an impact on Siemens shares. Analysts point out that a stronger capital base may be necessary for Siemens to achieve its growth targets. However, it is questionable whether a rights issue can be implemented without the participation of the largest shareholder. The impact on Siemens is assessed differently by different analysts. The exact development remains to be seen.
Source:
According to a report by www.finanztrends.de
Read the source article at www.finanztrends.de