Siemens Energy (SMEGF) to Release Earnings on Wednesday

Siemens Energy (OTCMKTS:SMEGF) is projected to release its resultson Wednesday, August 5th. Analysts expect the company to post earnings of $1.34 per share and revenue of $12.7867 billion for the quarter.

Siemens Energy Trading Down 4.3%

Shares of SMEGF stock opened at $159.78 on Wednesday. Siemens Energy has a twelve month low of $98.00 and a twelve month high of $223.95. The stock has a 50 day moving average of $183.17 and a 200 day moving average of $183.79.

Analyst Upgrades and Downgrades

SMEGF has been the topic of several recent analyst reports. Barclays lowered shares of Siemens Energy to an “underweight” rating in a research note on Monday, July 6th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Siemens Energy in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Siemens Energy Company Profile

Siemens Energy AG is a global energy technology company headquartered in Munich, Germany. Established in 2020 as a spin-off from Siemens AG’s Energy Management and Power and Gas divisions, the company develops and delivers equipment, solutions and services across the energy value chain. Its portfolio encompasses products for power generation, transmission and storage, serving utilities, independent power producers and industrial customers.

The company’s main business activities include the design and manufacture of gas and steam turbines, generators and compressors for conventional power plants, as well as high-voltage transformers, switchgear and grid stabilization equipment for power transmission networks.