FRANKFURT (dpa-AFX) – Siemens Energy shares remained in hot demand among investors on Wednesday, continuing a record-breaking rally that began with a new high in October 2024. Following the release of first-quarter business figures, the upward momentum persisted through the morning. A setback from the previous day was more than recovered, and for the first time, shares traded above €160. Most recently, the gain stood at €158.70, still up by an impressive 5.4 percent.
Analyst Gael de-Bray of Deutsche Bank Research noted that, despite already high expectations being priced in, the results for the first business quarter managed to exceed them. The energy technology group continued to benefit from strong electricity demand, recording a new high in orders.
Lucas Ferhani from investment house Jefferies described it as a "strong start to the year," primarily driven by demand in the gas turbine business, which managed to boost order intake by more than 80 percent during the quarter. Another growth driver was grid technology. According to Ferhani, not only were order intakes impressive, but adjusted profit and free cash flow also far exceeded expectations.
Thanks to Wednesday's gains, Siemens Energy shares have increased more than 30 percent so far this year, making them the top performer on the DAX in 2026. They already held this position in 2024 and took second place among index members in 2025. The remarkable rally has recently been fueled by hopes that the company will play a key role in the trending field of artificial intelligence. AI data centers, after all, require massive amounts of electricity.
Back in October 2023, Siemens Energy's share price hit a record low of €6.40 due to troubles at wind power subsidiary Gamesa. Since then, the shares have increased twenty-fivefold. This rally is even more impressive than that of Rheinmetall, whose shares cost less than €100 before Russia's invasion of Ukraine in 2022 and peaked at just over €2000 in October, a level from which they have since retreated./tih/ag/mis
