RBC backs Siemens Energy stock with EUR 200 target

Published on 10/05/2026 at 10:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

RBC projects 13.00 percent annual growth through 2030. Siemens Energy stock costs EUR 143.85 on October 5, 2026 versus EUR 145.81, down 1.34 percent.

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Siemens Energy (ISIN DE000ENER6Y0) entered RBC Capital Markets' Top 30 Global Ideas for 2026 on October 2, 2026, with an Outperform rating and a EUR 200.00 target, according to finanzen.net. Siemens Energy stock was trading at EUR 143.85 at Lang & Schwarz on October 5, 2026, down 1.34 percent versus the prior close of EUR 145.81.

RBC sees long-term growth

RBC analyst Colin Moody projected average annual growth of 13.00 percent through 2030 and average annual EBITA growth of 40.00 percent in the October 2 report, while maintaining the Outperform view and EUR 200.00 target, finanzen.net reported.

The target stands 39.05 percent above the Lang & Schwarz price, calculated from EUR 200.00 against EUR 143.85. That spread gives the analyst view a clear valuation implication, but it does not change the stock's intraday reference price or its negative daily move.

Q3 results strengthen the case

In Q3 FY2026, Siemens Energy reported revenue of EUR 11.4 billion, up 18.50 percent year over year, while net income rose to EUR 1.188 billion from EUR 697.00 million in Q3 FY2025, according to Siemens Energy. Profit before special items more than tripled to EUR 1.623 billion from EUR 497.00 million, while free cash flow before taxes reached EUR 2.319 billion compared with EUR 419.00 million.

The company also reported a Q3 FY2026 order intake of EUR 17.9 billion and a backlog of EUR 162.0 billion. Siemens Energy confirmed its fiscal year 2026 outlook, including comparable revenue growth of 14.00 to 16.00 percent and a profit margin before special items of 10.00 to 12.00 percent, trending toward the upper end of the range, Siemens Energy said.

Buyback and November results

Siemens Energy began a third share-buyback tranche on September 24, 2026, with a maximum value of EUR 2.0 billion and a cap of 50.0 million shares. The program runs until March 31, 2027, at the latest, and acquired shares may be used for employee programs or cancellation, according to Siemens Energy.

The next fiscal year 2026 results are scheduled for November 11, 2026, at 7:00 a.m. CET, with the webcast at 10:00 a.m. CET, according to the company's September 30, 2026 pre-close call transcript. The company reaffirmed comparable revenue growth of 14.00 to 16.00 percent and a profit margin before special items of 10.00 to 12.00 percent in that call, Siemens Energy said.

Stock trades below its yearly high

Siemens Energy's Xetra-listed stock was trading within its EUR 94.40 to EUR 191.66 52-week range on October 5, 2026. Its market capitalization was EUR 124.0 billion on that date, while the intraday Lang & Schwarz quote remained below the 52-week high by 24.95 percent.

Price source: Lang & Schwarz. Siemens Energy was trading at EUR 143.85 on October 5, 2026 at 10:38 a.m. CEST, down 1.34 percent versus the prior close of EUR 145.81. The further course of trading is shown by the continuously updated real-time quote of Siemens Energy stock.