Analyst Akash Gupta from JP Morgan research considers the stock attractive and recommends it with a Buy rating. The target price continues to be set at EUR 77.
Analyst Akash Gupta from JP Morgan research considers the stock attractive and recommends it with a Buy rating. The target price is lowered from EUR 36 to EUR 22.
Siemens Energy's production has been suffering from massive quality problems. According to a report, customers will now have to wait longer for wind turbines. If hidden design flaws are discovered, repair costs could rise to more than the previously known sum of over one billion euros. Siemens Energy withdrew its forecast for the current fiscal year 2022/23 after the extent of quality problems with land turbines of both older and new design turned out to be greater than previously thought. Since June 22, the paper has lost a good 30 percent of its value.