Siemens Energy AG (SMEGF) Research
Siemens Energy AG is a global leader in energy technology, operating across two key divisions: Gas and Power, and Siemens Gamesa Renewable Energy. Within its Gas and Power segment, the company provides essential equipment for both centralized and distributed power generation, including advanced gas and steam turbines, generators, and gas engines. This offering is complemented by services such as performance optimization, maintenance, customer training, and expert consulting. The division's portfolio also encompasses critical infrastructure for energy transmission and distribution, featuring transformers, air and gas-insulated switchgears, AC transmission systems, offshore windfarm grid connections, high-voltage direct current (HVDC) transmission systems, high-voltage substations, and integrated digital solutions and components. Furthermore, it supplies specialized rotating equipment like industrial and aero-derivative gas turbines, turbo- and reciprocating compressors, and complete compression trains, alongside solutions for electrification, automation, digitalization, plant safety and security, and water treatment. Siemens Energy is also actively developing innovative technologies for decarbonized energy and advanced storage systems. Through its Siemens Gamesa Renewable Energy division, the company delivers comprehensive wind power solutions. This includes the design, engineering, manufacturing, and installation of both onshore and offshore wind turbines, as well as ongoing operation and maintenance services for wind farms worldwide. Siemens Energy serves a diverse clientele, including utilities, independent power producers, project developers, companies in the oil and gas sector, transmission and distribution system operators, and various industrial and infrastructure clients. The company, established in 1866, is headquartered in Munich, Germany.
Market snapshot
- Symbol
- SMEGF
- Price
- $196.14
- Day change
- +3.62%
- Market cap
- $144.5B
- P/E ratio
- 65.47x
- 52-week range
- 98-223.954
- Sector
- Industrials
- Industry
- Industrial - Machinery
- Next earnings
- in 2 months
Recent news
- Siemens Energy weighs spin-off of 'Transformation of Industry' unit, Manager Magazin reports
Siemens Energy is weighing spinning off its "Transformation Of Industry" division, which makes compressors and steam turbines, Manager Magazin reported on Thursday.
- 50Hertz awards Siemens Energy, NSORe offshore converter contract
German power grid operator 50Hertz has commissioned a consortium of Siemens Energy and Neptun Smulders Offshore Renewables to build an offshore converter system linking North Sea wind farms to Germany's electricity grid, the company said on Wednesday.
- Iran war adds to AI boom as demand for gas turbines rises further, Siemens Energy says
The Iran war has become an additional driver of demand for gas turbines, Siemens Energy executives said on Thursday, at a time when manufacturers are already flooded with orders due to the massive data centre expansion in the United States.
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