Shares of Siemens Energy AG Unsponsored ADR (OTCMKTS:SMNEY – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the twelve research firms that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have given a strong buy recommendation to the company.
Separately, Morgan Stanley reaffirmed an “overweight” rating on shares of Siemens Energy in a research note on Monday, April 27th.
Read Our Latest Report on Siemens Energy
Siemens Energy Trading Down 29.1%
About Siemens Energy
Siemens Energy AG is a global energy technology company headquartered in Germany that provides equipment, systems and services across the power generation and transmission value chains. Established as an independent public company through a spin-off of Siemens AG’s energy businesses in 2020, Siemens Energy draws on a long industrial heritage to design, manufacture and service technologies used by utilities, industrial customers and the oil and gas sector.
The company’s product and service portfolio includes gas and steam turbines, generators, transformers and high-voltage transmission equipment as well as grid connection and power-conversion systems.
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