DZ Bank raises target for Siemens Energy stock to EUR 157.00
Published on 10/13/2026 at 09:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- DZ Bank raised its Siemens Energy fair value from EUR 128.00 to EUR 157.00 on October 8, 2026, while keeping a Hold rating.
- Third-quarter fiscal 2026 revenue rose 18.50 percent to EUR 11.40 billion, according to Siemens Energy.
- The stock was at EUR 143.45 at Lang & Schwarz on October 13, 2026, 2.27 percent below the October 12 Xetra close of EUR 146.78.
- Siemens Energy has scheduled its fourth-quarter fiscal 2026 results for November 11, 2026.
Siemens Energy (ISIN DE000ENER6Y0) was trading at EUR 143.45 at Lang & Schwarz on October 13, 2026, at 9:31 a.m. CEST, 2.27 percent below the October 12 Xetra close of EUR 146.78. On October 8, 2026, DZ Bank raised its fair value for Siemens Energy from EUR 128.00 to EUR 157.00 but kept its Hold rating, as Finanznachrichten reported from the dpa-AFX analysis.
Three events set the earnings backdrop
On August 5, 2026, Siemens Energy reported third-quarter fiscal 2026 revenue of EUR 11.40 billion, up 18.50 percent on a comparable basis, while its result before special items rose to EUR 1.623 billion from EUR 497 million in the prior-year quarter, according to Siemens Energy.
On September 23, 2026, the company announced a third share-buyback tranche of up to EUR 2.0 billion within a program totaling up to EUR 6.0 billion, with the tranche beginning on September 24, 2026, according to Siemens Energy. The company had repurchased 1,185,415 shares for EUR 171.0 million by the end of the reported October data.
On October 8, 2026, DZ Bank moved its fair value from EUR 128.00 to EUR 157.00 and retained Hold. That sequence gives investors a useful counterpoint: operating figures improved sharply, but the unchanged rating shows that valuation and execution remain central to the debate.
What does the target change imply?
The new fair value sits EUR 13.55 above the Lang & Schwarz price, but the comparison uses different reference dates and should not be read as a forecast from this article. DZ Bank analyst Alexander Hauenstein expected Siemens Energy to slightly exceed its raised fiscal 2025/26 outlook and saw fiscal 2026/27 forecasts near consensus, according to Finanznachrichten.
The main operational test is converting the large order book into reported revenue, earnings and cash flow. Siemens Energy's third-quarter order intake reached EUR 17.9 billion, its book-to-bill ratio was 1.57, and the order backlog stood at EUR 162 billion, according to Siemens Energy.
November dates define the next test
Siemens Energy has scheduled its fourth-quarter fiscal 2026 results for November 11, 2026, followed by a London roadshow on November 12, 2026, according to its investor-relations calendar. The company also lists additional investor events later in November, making the November results the next concrete checkpoint for the raised outlook and the 2030 targets.
Stock trades below the Xetra close
The EUR 143.45 Lang & Schwarz price on October 13, 2026, at 9:31 a.m. CEST was 2.27 percent below the October 12 Xetra close of EUR 146.78. The stock's 52-week range is EUR 94.40 to EUR 191.66, while market capitalization was EUR 122.7 billion as of October 13, 2026. The further course of trading is shown by the continuously updated real-time quote of Siemens Energy stock.
Siemens Energy stock facts
- Company: Siemens Energy AG
- ISIN: DE000ENER6Y0
- WKN: ENER6Y
- Ticker: ENR
- Primary exchange: Xetra
- Price Lang & Schwarz (as of October 13, 2026, 9:31 a.m. CEST): EUR 143.45
- Change versus Xetra close: minus 2.27 percent
- Xetra close (October 12, 2026): EUR 146.78
- Market capitalization: EUR 122.7 billion (as of October 13, 2026)
- 52-week range: EUR 94.40-EUR 191.66 (as of October 13, 2026)
- Sector / Industry: Industrials / Energy and utilities
- Index membership: DAX
- Next earnings date: November 11, 2026
Market context: Market report DAX.
