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    ENR   DE000ENER6Y0

SIEMENS ENERGY AG

(ENR)
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Real-time Estimate Tradegate  -  07:11 2022-12-05 am EST
16.43 EUR   +1.20%
12/01Mutares Closes Purchase of Heat Transfer Technology from Siemens Energy
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11/30SIEMENS ENERGY : Buy rating from Goldman Sachs
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11/28Analysis-U.S. green subsidies heighten fears for German industry
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Siemens Energy teams up with EU-backed fund for cleantech investments

10/05/2022 | 03:38am EST
German Chancellor Scholz visits Siemens Energy site in Muelheim an der Ruhr

FRANKFURT (Reuters) - German energy equipment supplier Siemens Energy and EU-backed fund EIT InnoEnergy will team up to jointly explore investments in the energy start-up space, the fund said in a statement.

No financial details were disclosed.

"Bringing together the disruptive thinking and innovations from cleantech start-ups and the global network and large-scale industrialization capabilities of Siemens Energy will create new value for our customers," Siemens Energy board member Vinod Philip said.

EIT InnoEnergy has already invested 690 million euros ($688 million) and holds stakes in Swedish battery cell maker Northvolt, steel venture H2 Green Steel, and lithium miner Vulcan Energy Resources.

Supported by the EU's European Institute of Innovation and Technology (EIT), EIT InnoEnergy helps to funds start-ups and companies active in the area of energy transition away from fossil fuels.

($1 = 1.0031 euros)

(Reporting by Christoph Steitz, Editing by Louise Heavens)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
SIEMENS AG 0.67% 135.62 Delayed Quote.-11.78%
SIEMENS ENERGY AG 1.66% 16.505 Delayed Quote.-27.83%
VULCAN ENERGY RESOURCES LIMITED 0.68% 7.36 Delayed Quote.-29.71%
All news about SIEMENS ENERGY AG
12/01Mutares Closes Purchase of Heat Transfer Technology from Siemens Energy
MT
11/30SIEMENS ENERGY : Buy rating from Goldman Sachs
MD
11/28Analysis-U.S. green subsidies heighten fears for German industry
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11/18Siemens - Outstanding performance in fiscal 2022, Strong fourth quarter finish
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11/18Spanish Unions Slam Nonexistent Efforts to Secure Employment in Siemens Gamesa Takeover
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Analyst Recommendations on SIEMENS ENERGY AG
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Financials
Sales 2022 28 360 M 29 737 M 29 737 M
Net income 2022 -449 M -471 M -471 M
Net cash 2022 1 795 M 1 882 M 1 882 M
P/E ratio 2022 -24,6x
Yield 2022 0,98%
Capitalization 11 599 M 12 162 M 12 162 M
EV / Sales 2022 0,35x
EV / Sales 2023 0,31x
Nbr of Employees 92 000
Free-Float 58,3%
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Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 16,23 €
Average target price 21,30 €
Spread / Average Target 31,2%
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Managers and Directors
Christian Bruch President & Chief Executive Officer
Maria Ferraro Chief Financial & Diversity Officer
Josef Kaeser Chairman-Supervisory Board
Laurence B. L. Mulliez Independent Non-Executive Member-Supervisory Board
GŘnter Augustat Member-Supervisory Board
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