FRANKFURT (dpa-AFX) - The shares of Siemens Energy have crowned a strong first quarter with a high since June 2023. On the Thursday before Easter, they were among the Dax favorites with a plus of a good 2 percent to 16.83 euros.

After an increase of almost 41 percent in the first three months of the current year, Siemens Energy was only outperformed by Rheinmetall in this period. The shares of the armaments company have risen by around 80 percent.

Siemens Energy is now running into the gap in the share price that massive problems at wind turbine subsidiary Siemens Gamesa opened up in the summer of 2023. With the share price plummeting by more than a third at the time, it was one of the historically biggest daily losers on the DAX.

Even now, analysts are divided on the further recovery of the share price. This is underlined by studies by JPMorgan and Goldman Sachs with price targets of EUR 11.40 and EUR 27.00 respectively. The former vote "Underweight", the latter "Buy".

Analyst Akash Gupta from JPMorgan is optimistic about the Group's end markets. However, the shaky balance sheet leaves no room for disappointment and could also slow down the growth potential.

Meanwhile, expert Ajay Patel from Goldman sees the company at the beginning of a strong investment trend in network expansion. Although Siemens Gamesa is a burden, the Gas & Power division is going from strength to strength, according to Patel./ag/mis/jha/