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ShareTip of the week: Siemens Energy

Siemens Energy shares have been listed on the Frankfurt Stock Exchange since September 28thimago images / Hannelore Förster

In May Siemens (Chart) announced that it would go public separately for the power plant and energy technology business. This step has now been taken: On September 28, the spin-off from Siemens Energy was implemented. The shareholders received one paper from Siemens Energy for every two Siemens shares. The newcomer to the stock exchange manufactures generators, transformers, high-voltage technology and turbines for fossil-fuel power plants and wind turbines, the latter at Siemens Gamesa, a Spanish subsidiary.

The valuation speaks for the share. Before the spin-off, insiders assumed that Siemens Energy could be valued at EUR 21 billion to EUR 22 billion. The 67 percent package in the listed company Siemens Gamesa alone weighs around 10 billion euros.

The analysts’ estimates correspond to a share price of a good 30 euros. Instead, Siemens Energy started trading at just EUR 22.01 and then even slipped to EUR 19.21. On this basis, further buy recommendations should not be long in coming, especially since Siemens Energy has a good chance of a Dax rise. We add the share to the trading portfolio.

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