Siemens Energy shares rose over 1% on the Tradegate platform Monday. Goldman Sachs added the stock to its European Conviction List to start the month.
Analyst Ajay Patel expects the company to raise medium-term targets. Patel also anticipates upcoming updates regarding shareholder distributions.
Goldman Sachs identifies Siemens Energy as a structural winner due to surging AI data center electricity demand. Increased investment in grid technology further supports this outlook. Patel estimates the company's 2030 operating profit will exceed market consensus by 10%.
This momentum follows a recent credit affirmation from Moody’s. The agency maintained the company’s Baa1 rating and upgraded the outlook from stable to positive.