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

SIEMENS ENERGY AG

(ENR)
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Delayed Quote. Delayed Deutsche Boerse AG - 11/27 12:45:36 pm
25.07 EUR   -0.87%
08:56aSiemens and Merck drive forward modular production in industry
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11/26SIEMENS ENERGY : NorldLB reiterates its Neutral rating
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11/25SIEMENS ENERGY : HSBC keeps its Buy rating
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Siemens Energy : Has Begun Construction of UK Grid Stabilization Facility

10/21/2020 | 05:18am EST

By Cecilia Butini

Siemens Energy AG has begun construction of a grid stabilization facility in south Wales, the company said Wednesday.

The project, completion of which was awarded to Siemens Energy by power developer Welsh Power, will be operational in autumn 2021, the German energy company said.

Siemens Energy's rotating grid stabilization technology, which is being installed at the site, allows to manage grid stability in order for the U.K. to strive for a net-zero-carbon energy system, the company said.

As part of its contract with Welsh Power, Siemens Energy is in charge of design, manufacture, installation and commission at the South Wales site, which is located in Rassau, Ebbw Vale.

In addition to providing the stabilization technology--which consists of a synchronous condenser and flywheel--Siemens Energy is also in charge of providing control and operating systems, a cooling system, auxiliary equipment, and of connecting the site to the grid, it said.

Stabilization of the grid via a synchronous condenser allows for use of more renewable power on the network, Siemens Energy said.

Write to Cecilia Butini at cecilia.butini@wsj.com

(END) Dow Jones Newswires

10-21-20 0517ET

Stocks mentioned in the article
ChangeLast1st jan.
SIEMENS AG 1.19% 112.68 Delayed Quote.-3.31%
SIEMENS ENERGY AG -0.87% 25.07 Delayed Quote.0.00%
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Financials
Sales 2020 27 598 M 33 016 M 33 016 M
Net income 2020 -1 331 M -1 592 M -1 592 M
Net cash 2020 1 270 M 1 520 M 1 520 M
P/E ratio 2020 -13,5x
Yield 2020 0,00%
Capitalization 18 217 M 21 780 M 21 793 M
EV / Sales 2020 0,61x
EV / Sales 2021 0,55x
Nbr of Employees 93 000
Free-Float 55,0%
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Income Statement Evolution
Consensus
Sell
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Mean consensus BUY
Number of Analysts 16
Average target price 27,91 €
Last Close Price 25,07 €
Spread / Highest target 27,6%
Spread / Average Target 11,3%
Spread / Lowest Target -4,27%
EPS Revisions
Managers
NameTitle
Christian Bruch President & Chief Executive Officer
Maria Ferraro Chief Financial & Diversity Officer
Steffen Großberger Member-Supervisory Board
Peter Kastenmeier Member-Supervisory Board
Christian Schmid Member-Supervisory Board
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