mwb keeps EUR 100.00 target for Siemens Energy stock

Published on 10/23/2026 at 10:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter revenue rose 18.50 percent to EUR 11.40 billion. Siemens Energy stock costs EUR 122.76 on October 23, 2026, versus EUR 122.20 at the Xetra close.

Analyst caution and operating scale

mwb Research reiterated a EUR 100.00 target and Sell rating on October 22, 2026.
Third-quarter revenue increased 18.50 percent to EUR 11.40 billion.
Siemens Energy stock traded at EUR 122.76 at 10:48 a.m. CEST at Lang & Schwarz on October 23, 2026, 0.46 percent above the Xetra close of October 22, 2026.
Fourth-quarter and fiscal-year results are scheduled for November 11, 2026.

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Siemens Energy (ISIN DE000ENER6Y0) was trading at EUR 122.76 at Lang & Schwarz on October 23, 2026, at 10:48 a.m. CEST, up 0.46 percent versus the Xetra close of October 22, 2026 at EUR 122.20. The immediate investor debate centers on valuation after mwb Research reiterated its Sell rating and EUR 100.00 target on October 22, 2026, according to AskTraders.

What does the EUR 100.00 target imply?

The mwb view puts the target EUR 22.76 below the current Lang & Schwarz price. The note described valuation as demanding even while expecting a strong fourth quarter, with forecast revenue of EUR 13.50 billion and growth of 30.00 percent from the prior-year quarter, according to AskTraders.

Three events shaped the stock

On August 5, 2026, Siemens Energy reported third-quarter revenue of EUR 11.40 billion, up 18.50 percent year over year, and pre-special-items earnings of EUR 1.623 billion versus EUR 497.00 million a year earlier. On September 23, 2026, the company announced a third tranche of its buyback program worth up to EUR 2.00 billion and capped at 50,000,000 shares, according to Siemens Energy. On October 22, 2026, mwb Research maintained its EUR 100.00 target and Sell rating, according to AskTraders.

Which dates come next?

Siemens Energy has scheduled its fourth-quarter and fiscal-year 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 a Paris and Frankfurt roadshow for November 13, 2026, according to Siemens Energy.

Revenue growth meets valuation caution

The third-quarter figures provide a strong operating counterweight to the bearish valuation argument. Revenue reached EUR 11.40 billion, while the company said its order backlog stood at EUR 162.00 billion and quarterly orders reached EUR 17.90 billion; the book-to-bill ratio was 1.57. The company also said Siemens Gamesa returned to quarterly profitability and reaffirmed its fiscal 2026 outlook, including comparable revenue growth of 14.00 percent to 16.00 percent and a pre-special-items margin of 10.00 percent to 12.00 percent, according to Siemens Energy. RBC, by contrast, kept a Buy rating and EUR 200.00 target in a note dated October 9, 2026, according to MarketScreener.

Stock trades above its Xetra close

Siemens Energy stock was trading at EUR 122.76 at Lang & Schwarz on October 23, 2026, at 10:48 a.m. CEST, 0.46 percent above the Xetra close of October 22, 2026 at EUR 122.20. Its market capitalization was EUR 104.6 billion and its 52-week range was EUR 96.94 to EUR 191.66 as of October 23, 2026. The further course of trading is shown by the continuously updated real-time quote of Siemens Energy stock.