Siemens Energy falls 10% after Thursday's record high

Siemens Energy AG

21/11/2025 10:45

Updates

** Shares of Germany's Siemens Energy ENR1n.DE tumbled around 10% after Thursday's record high following its results

** "Today's price movement in Siemens Energy is likely driven by profit-taking," Nikolas Demeter, analyst at Metzler, said

** A trader says no more positive news is expected after the company's capital markets day

** Demeter added that Siemens Energy also supplies power infrastructure for data centres and has recently seen some correlation between its share performance and that of major U.S. tech companies

** European
tech stocks
 declined on Friday morning after Thursday's global rally following Nvidia's NVDA.O upbeat forecasts

** RBC, meanwhile, upgrades target price for Siemens to 136 euros from 130 euros per share, taking new mid-term forecast and outlook beyond into account

** Shares set for their worst day since January

** Up to the previous session's close, shares were up 122.5%​ YTD

 (Reporting by Daniela Pegna and Marleen Kaesebier)

 ((marleen.kaesebier@thomsonreuters.com))