Siemens Energy AG Unsponsored ADR (OTCMKTS:SMNEY – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the twelve brokerages that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating on the company.
Separately, Morgan Stanley reaffirmed an “overweight” rating on shares of Siemens Energy in a research note on Monday, April 27th.
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Siemens Energy Stock Performance
Siemens Energy Company Profile
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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