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I'm reiterating Siemens Energy AG is reiterated as a Strong Buy with a new $220 price target after robust Q3 2026 results. SMEGF's backlog surged to €162 billion, quarterly revenue rose 19% y/y, and group margin reached 14.2%, outpacing prior expectations. 2026 guidance now targets 14–16% revenue growth, 10–12% profit margin, ~€4B net income, and €8B FCF before tax.

The company said it could bring in external investors or undertake a potential capital markets transaction, and plans to deconsolidate the business while maintaining a minority stake.

Siemens Energy plans to sell most of its ​division supplying industrial customers, it said ‌on Tuesday, in a move aimed at sharpening the supplier of power equipment's focus on the ​booming utility sector.

This is no flash-in-the-pan fad. This heavy equipment is worth the high upfront cost that AI data center operators are willing to pay.

Siemens Energy's supervisory board will hold an ​extraordinary meeting on August ‌25 to discuss a possible spinoff of a division that caters ​to industrial firms, a ​person familiar with the matter ⁠said.