Siemens Energy Shares Rise on Positive Turbine Outlook
Shares of Siemens Energy rose roughly 5% in early Frankfurt trading on Tuesday after the company’s third‑quarter pre‑close call conveyed an upbeat tone on gas turbine orders, easing investor concerns that 2026 might represent a peak in demand.
Citigroup analysts noted that gas turbine orders in the third quarter could match the approximately €9 billion booked in earlier quarters of the year. Morgan Stanley described the call as a modestly positive surprise relative to expectations. Bank of America projected total third‑quarter group orders at €17.6 billion, about 4% above consensus, with gas services orders estimated at €9.0 billion—roughly 23% ahead of the Visible Alpha consensus.
Management signalled greater optimism on long‑term gas turbine demand, now estimating annual market demand at 110‑120 GW, up from the 100 GW forecast presented at the November 2025 investor day. Nonetheless, analysts cautioned that Siemens Energy’s own turbine order intake is likely to normalize to lower year‑on‑year levels in 2027 after an elevated 2026, and they do not anticipate material changes to consensus earnings estimates.
Regarding the grid division, the bank expects no large orders this quarter, with quarterly grid orders anticipated to settle in the €5 billion to €5.5 billion range following a larger order that boosted the prior quarter.
Siemens Energy is slated to publish its full third‑quarter results on August 5. Analysts highlighted the company’s new 2030 targets, due for release on November 11, as the next major catalyst for the stock.