Siemens Energy (SMEGF) Expected to Announce Quarterly Earnings on Tuesday

Siemens Energy (OTCMKTS:SMEGF) is expected to release its resultson Tuesday, May 12th. Analysts expect Siemens Energy to post earnings of $1.10 per share and revenue of $12.1376 billion for the quarter.

Siemens Energy Price Performance

OTCMKTS:SMEGF traded up $6.10 during trading hours on Tuesday, hitting $215.60. 2,074 shares of the stock traded hands, compared to its average volume of 7,702. The firm has a 50 day moving average price of $187.01 and a 200 day moving average price of $159.90. Siemens Energy has a fifty-two week low of $79.46 and a fifty-two week high of $223.95.

About Siemens Energy

Siemens Energy AG is a global energy technology company headquartered in Munich, Germany. Established in 2020 as a spin-off from Siemens AG’s Energy Management and Power and Gas divisions, the company develops and delivers equipment, solutions and services across the energy value chain. Its portfolio encompasses products for power generation, transmission and storage, serving utilities, independent power producers and industrial customers.

The company’s main business activities include the design and manufacture of gas and steam turbines, generators and compressors for conventional power plants, as well as high-voltage transformers, switchgear and grid stabilization equipment for power transmission networks.