Is this U.S.-China selloff a buy? A top Wall Street voice weighs in
Investing.com - RBC Capital initiated coverage on Siemens Energy AG (ETR:ENR) (OTC:SMEGF) with an Outperform rating and a price target of EUR130.00.
RBC Capital sees Siemens Energy positioned to benefit from an upcoming investment cycle in gas and grid infrastructure, forecasting 9.4% organic sales growth annually from 2026 to 2030.
The firm projects 29% annual EBITA growth during the same period, significantly outpacing the European Electricals average of 8%.
RBC Capital identified the company’s November Capital Markets Day as a potential near-term catalyst that could highlight cash return potential for investors.
Despite cycle risks, RBC Capital views Siemens Energy’s mid-term outlook as supported by strong backlogs and an improved business environment, with current valuation described as "undemanding" given the growth trajectory.
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