RBC keeps EUR 200 target for Siemens Energy stock: price falls 3.10 percent

Published on 10/22/2026 at 10:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 revenue rose 18.50 percent to EUR 11.40 billion. Siemens Energy stock costs EUR 129.50 on October 22, 2026 versus its EUR 133.64 Xetra close.

Operating scale and calendar

RBC maintained its Buy rating and EUR 200.00 target on October 9, 2026.
Third-quarter revenue rose 18.50 percent to EUR 11.40 billion in fiscal 2026.
Siemens Energy stock trades at EUR 129.50 at 10:01 a.m. CEST at Lang & Schwarz on October 22, 2026, 3.10 percent below the Xetra close of October 21, 2026.
Siemens Energy will present fiscal 2026 results on November 11, 2026, followed by a London roadshow on November 12, 2026.

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Siemens Energy stock (ISIN DE000ENER6Y0) was trading at EUR 129.50 at Lang & Schwarz on October 22, 2026, at 10:01 a.m. CEST, down EUR 4.14 or 3.10 percent versus the Xetra close of October 21, 2026 at EUR 133.64. The move comes as investors weigh a recent analyst view against the company's strong fiscal third-quarter figures.

According to MarketScreener on October 9, 2026, RBC analyst Mark Fielding kept a Buy rating and a EUR 200.00 target for Siemens Energy. The target stands EUR 70.50 above the Lang & Schwarz price, a 54.44 percent premium calculated against EUR 129.50.

Third-quarter figures set the base

Siemens Energy reported fiscal third-quarter revenue of EUR 11.40 billion on August 5, 2026, up 18.50 percent on a comparable basis from the prior year. Net income reached EUR 1.19 billion, compared with EUR 697.00 million in fiscal third-quarter 2025, while adjusted earnings before special items rose to EUR 1.62 billion from EUR 497.00 million.

The order picture adds operating support. Third-quarter orders reached EUR 17.90 billion, the book-to-bill ratio was 1.57, and the order backlog stood at EUR 162.00 billion, according to the company release dated August 5, 2026.

Three dated milestones

On August 5, 2026, Siemens Energy reported EUR 17.90 billion in orders and confirmed its fiscal 2026 outlook. On September 23, 2026, the company announced a buyback tranche of up to EUR 2.00 billion and 50.00 million shares. On October 9, 2026, RBC kept its EUR 200.00 target, the latest dated analyst action used here.

What are the next dates?

The next results date is November 11, 2026, when Siemens Energy is scheduled to present fiscal fourth-quarter and full-year results, according to Siemens Energy. The company calendar also lists a London roadshow for November 12, 2026.

Stock stays below its yearly high

Siemens Energy's market capitalization was EUR 110.2 billion as of October 22, 2026. Its 52-week range was EUR 94.40 to EUR 191.66, putting the current euro quote 32.42 percent below the high and 37.18 percent above the low.

At 10:01 a.m. CEST, Siemens Energy stock was trading at EUR 129.50 at Lang & Schwarz on October 22, 2026, 3.10 percent below the Xetra close of October 21, 2026 at EUR 133.64. The further course of trading is shown by the continuously updated real-time quote of Siemens Energy stock.