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MarketScreener Homepage  >  Equities  >  Deutsche Boerse AG  >  Siemens Energy AG    ENR   DE000ENER6Y0

SIEMENS ENERGY AG

(ENR)
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Real-time Estimate Quote. Real-time Estimate Tradegate - 01/25 12:47:35 pm
32.84 EUR   +3.27%
06:29aSIEMENS ENERGY : Berenberg gives a Buy rating
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05:34aSIEMENS ENERGY : Goldman Sachs maintains a Buy rating
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04:05aSIEMENS ENERGY : Receives a Buy rating from UBS
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Germany makes near $10 million contribution to Siemens hydrogen plant in Chile

12/02/2020 | 08:01am EST
FILE PHOTO: Siemens Energy AG starts trading after IPO

FRANKFURT (Reuters) - Germany's economy ministry made an 8.2 million euro ($9.9 million) contribution on Wednesday to Siemens Energy's planned hydrogen plant in Chile, part of its broader national strategy to support hydrogen technology.

The project, which requires total early-stage investments of 35 million euros, entails building and operating a wind power plant, Haru Oni, in southern Chile.

Power from the plant will be used to produce green hydrogen via electrolysis, which will in turn be used to generate synthetic methanol/gasoline, a low-carbon alternative fuel for transport, the ministry said in a statement.

The plant will produce 130,000 litres in a 2022 pilot phase, rising to 55 million litres by 2024 and 550 million by 2026.

Several international partners are involved, including carmaker Porsche, which plans to buy methanol.

Germany approved in June a 9 billion euro strategy to promote hydrogen initiatives at home and globally.

As future German demand will not be met by domestic production alone, it aims to build up partnerships overseas to secure imports.

"The project contributes to building up reliable import capacities and the strategic positioning of German companies in this marketplace of the future," the ministry said.

(Reporting by Vera Eckert; Editing by Jan Harvey)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
PORSCHE AUTOMOBIL HOLDING SE -2.30% 58.68 Delayed Quote.6.49%
SIEMENS AG -3.34% 128.36 Delayed Quote.13.00%
SIEMENS ENERGY AG 3.43% 32.89 Delayed Quote.5.02%
VOLKSWAGEN AG -3.90% 158.64 Delayed Quote.8.31%
VOLKSWAGEN AG -3.40% 173.4 Delayed Quote.5.53%
All news about SIEMENS ENERGY AG
06:29aSIEMENS ENERGY : Berenberg gives a Buy rating
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Financials
Sales 2021 29 142 M 35 359 M 35 359 M
Net income 2021 94,7 M 115 M 115 M
Net cash 2021 2 015 M 2 445 M 2 445 M
P/E ratio 2021 293x
Yield 2021 0,53%
Capitalization 22 813 M 27 770 M 27 680 M
EV / Sales 2021 0,71x
EV / Sales 2022 0,66x
Nbr of Employees 93 000
Free-Float 55,0%
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 16
Average target price 33,17 €
Last Close Price 31,80 €
Spread / Highest target 44,7%
Spread / Average Target 4,30%
Spread / Lowest Target -24,5%
EPS Revisions
Managers and Directors
NameTitle
Christian Bruch President & Chief Executive Officer
Josef Kaeser Chairman-Supervisory Board
Maria Ferraro Chief Financial & Diversity Officer
Günter Augustat Member-Supervisory Board
Manfred Bäreis Member-Supervisory Board
Sector and Competitors