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    ENR   DE000ENER6Y0

SIEMENS ENERGY AG

(ENR)
  Report
Delayed Quote. Delayed Deutsche Boerse AG - 10/22 10:58:23 am
24.1 EUR   +0.17%
10/22SIEMENS ENERGY : transfers joint venture stake to Voith
PU
10/20Fitch Upgrades Siemens to 'A+'; Outlook Stable
AQ
10/18Siemens prepares separation of large drive business
RE
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Siemens Energy Engages to Bolster Grid Stability and Support Increased Renewable Power Generation in California

09/22/2021 | 09:00am EDT

Siemens Energy announced that it will provide four static synchronous compensator (STATCOM) installations for LS Power Grid California, LLC (LS Power) substation projects in California. A STATCOM is a quick-reacting system capable of providing or absorbing reactive power to regulate the voltage at the point of connection to a power grid. This voltage regulation will be key to ensuring the reliability of the power grid as renewable energy sources are brought online, enabling further decarbonization of California’s energy mix. With the retirement of Pacific Gas and Electric Co.’s (PG&E) Diablo Canyon nuclear power plant in 2025, it is expected that there will be greater sensitivity to voltage instability, especially as PG&E integrates more renewable generation onto the grid. Two of the STATCOM systems are to be installed at LS Power’s Orchard substation connecting to the existing PG&E Gates 500 kilovolt (kV) substation in Fresno County to provide 848 megavolt-ampere (MVAr) of dynamic reactive power support. Under the light-load conditions, this support is anticipated to mitigate high voltages during extreme contingencies on the Bulk Power System. The other two STATCOMs will be installed at LS Power’s new Fern Road substation connecting the Round Mountain to Table Mountain 500 kV transmission lines. The purpose of these systems will be for voltage control and voltage support in case of system events and transmission outages.


© S&P Capital IQ 2021
All news about SIEMENS ENERGY AG
10/22SIEMENS ENERGY : transfers joint venture stake to Voith
PU
10/20Fitch Upgrades Siemens to 'A+'; Outlook Stable
AQ
10/18Siemens prepares separation of large drive business
RE
10/15SIEMENS ENERGY : Receives a Buy rating from Goldman Sachs
MD
10/14SIEMENS ENERGY : UBS gives a Buy rating
MD
10/12Siemens Energy Partners with Google Cloud to Power its Next Phase of Sustained Growth
CI
10/11Siemens Energy Installs First Leased Rapid Response Transformers Allowing A Large Gener..
CI
10/11SIEMENS ENERGY : Gets a Neutral rating from JP Morgan
MD
10/06SIEMENS ENERGY : Deutsche Bank reaffirms its Buy rating
MD
10/06SIEMENS ENERGY : JP Morgan sticks Neutral
MD
More news
Analyst Recommendations on SIEMENS ENERGY AG
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Financials
Sales 2021 28 627 M 33 331 M 33 331 M
Net income 2021 -567 M -661 M -661 M
Net cash 2021 1 922 M 2 238 M 2 238 M
P/E ratio 2021 -32,4x
Yield 2021 0,42%
Capitalization 17 104 M 19 895 M 19 914 M
EV / Sales 2021 0,53x
EV / Sales 2022 0,50x
Nbr of Employees 91 000
Free-Float 58,3%
Chart SIEMENS ENERGY AG
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 15
Last Close Price 24,10 €
Average target price 30,62 €
Spread / Average Target 27,1%
EPS Revisions
Managers and Directors
Christian Bruch President & Chief Executive Officer
Maria Ferraro Chief Financial & Diversity Officer
Josef Kaeser Chairman-Supervisory Board
Günter Augustat Member-Supervisory Board
Manfred Bäreis Member-Supervisory Board
Sector and Competitors