Siemens Energy Broadens Grid Footprint From Ukraine to Central Asia as Buyback Rolls On
Published on 10/05/2026 at 12:20 | Editorial boerse-global.de
Siemens Energy has moved on several fronts at once, pairing a fresh memorandum of understanding in Central Asia with new high-voltage transmission orders in Europe and North America, even as its shares slipped in the latest session.
The company signed a declaration of intent on Saturday with the Green Corridor Alliance covering cooperation on power transmission systems for the Trans-Caspian Green Energy Corridor, a large-scale regional infrastructure program. The arrangement also leaves room for advisory work tied to the project. It positions the energy technology group early in a development of regional significance, where cross-border corridors are expected to carry substantial volumes of electricity and demand specialized technology for low-loss transmission over long distances.
That agreement lands alongside confirmed orders for high-voltage direct current (HVDC) transmission systems in Europe and North America, aimed at modernizing existing grids. Neither the order values nor the delivery schedules were disclosed by the parties involved. Demand for HVDC technology is seen as a key driver of the group's operating business, since connecting renewable energy sources requires heavy investment in transmission infrastructure on both sides of the Atlantic. Siemens Energy continues to benefit from persistently high utilization of its production capacity.
Ukraine Talks Add Turbine Demand
Beyond the grid segment, new supply opportunities are opening in power generation. Ukraine's state-owned Naftogaz is weighing the purchase of five gas turbine compressor units from Siemens Energy, according to the country's energy ministry. A signed declaration of intent covers cooperation on energy security, gas storage and electricity generation, and the two sides are also negotiating over twelve gas turbines for decentralized power supply. The planned projects are intended to shield Ukraine's supply infrastructure against outages, giving the group additional delivery chances for standardized turbine systems outside classic large-scale power plant construction.
Should investors sell immediately? Or is it worth buying Siemens Energy?
In Asia, Siemens Energy India appointed Ajay Jain as head of its Grid Technologies–Transformers unit, effective today. Jain brings more than 30 years of industry experience and most recently led the transformer business at CG Power. He takes over from Ganesh Nadgouda, who had run the division on an interim basis and remains with the company as operational plant manager.
Order Book Backs Full-Year Targets
The flurry of activity fits a stretch of strong operating momentum. Management reaffirmed its outlook for the full year, projecting comparable revenue growth of 14% to 16% for fiscal 2026, a margin before special items of 10% to 12%, and net income of around EUR 4 billion. New business has also shown clear impetus: the company agreed to supply 119 SGT-400 gas turbine cores, each rated at about 15 megawatts, to Dynamis Power Solutions for mobile power generation in the United States. First deliveries under the large order are slated for 2027, providing dependable capacity utilization across coming fiscal years.
On the leadership side, Pekka Lundmark succeeded Matthias Rebellius on the supervisory board at the turn of the month after the Munich district court approved the appointment. The third tranche of the share buyback program, worth up to EUR 2 billion, is also still running and is to be executed by no later than March 31, 2027.
Share Price and Analyst Targets
The stock closed Friday at EUR 145.56, up 21% since the start of the year, recovering noticeably after intermittent swings. In today's trading the shares gave up 1.4% to EUR 143.60, though they remain up 19% year to date. Analysts see further room to the upside: JPMorgan puts its price target at EUR 245, while Deutsche Bank Research pegs the value at EUR 210.
Market participants will get detailed insight into the business trajectory in a few weeks, when Siemens Energy publishes results for the fourth quarter and the full 2026 fiscal year on November 11. That report will show the extent to which the confirmed target of roughly EUR 8 billion in free cash flow before taxes has been met.
Ad
Siemens Energy Stock: New Analysis - 5 October
Fresh Siemens Energy information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
