RBC keeps EUR 200 target for Siemens Energy stock

Published on 10/02/2026 at 14:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

RBC sees 13 percent growth through 2030. Siemens Energy stock costs EUR 145.21 on October 2, 2026 versus EUR 144.00, plus 0.84 percent.

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Siemens Energy (ISIN DE000ENER6Y0) was trading at EUR 145.21 at Lang & Schwarz on October 2, 2026 at 2:05 p.m. CEST, up 0.84 percent from the prior close of EUR 144.00. According to aktiencheck.de on October 2, 2026, RBC kept its Outperform rating and EUR 200 price target, with the original study dated October 1, 2026.

RBC sees 13 percent growth

RBC analyst Colin Moody expects Siemens Energy's operating performance to grow at an average annual rate of 13 percent through 2030, while operating result growth is forecast at 40 percent per year. The comparison is notable because the sector figures cited in the same report are 5 percent and 9 percent, respectively, giving the Siemens Energy outlook a clear numerical premium.

The analyst case follows a strong third quarter of fiscal 2026. Siemens Energy recorded comparable revenue of EUR 11.4 billion, up 18.5 percent from the year-earlier period, while profit before special items rose to EUR 1.623 billion from EUR 497 million.

Third-quarter figures support outlook

According to Siemens Energy in its August 5, 2026 earnings release, orders reached EUR 17.9 billion and the order backlog stood at EUR 162 billion at quarter-end. The book-to-bill ratio was 1.57, indicating that orders exceeded quarterly revenue by a measurable margin.

Net income reached EUR 1.188 billion in the third quarter of fiscal 2026, compared with EUR 697 million a year earlier. Siemens Energy also confirmed fiscal 2026 comparable revenue growth of 14 percent to 16 percent and a profit margin before special items of 10 percent to 12 percent, with performance expected toward the upper end of the range.

November 11 is the next test

The company has scheduled its fourth-quarter and fiscal 2026 results for November 11, 2026, according to Seeking Alpha reporting on the September 30, 2026 pre-close call. The release is expected to include the fiscal 2027 outlook and an updated capital allocation framework.

Siemens Energy also announced a third share buyback tranche of up to EUR 2.0 billion on September 23, 2026, as part of a EUR 6.0 billion program, according to Siemens Energy.

Stock remains below EUR 191.66 high

At EUR 145.21, Siemens Energy stock stood 24.23 percent below its 52-week high of EUR 191.66 and above its 52-week low of EUR 94.40 on October 2, 2026. The company had a market capitalization of EUR 124.3 billion at the same date.

The stock was trading at EUR 145.21 at Lang & Schwarz on October 2, 2026 at 2:05 p.m. CEST, plus 0.84 percent versus the Lang & Schwarz prior close of EUR 144.00. The further course of trading is shown by the continuously updated real-time quote of Siemens Energy stock.