Siemens Energy tops DAX in early trade on upbeat order comments ahead of Q3 results

Siemens Energy AG

30/06/2026 07:53

** Siemens Energy ENR1n.DE shares rise 2.4% in early Frankfurt trading after upbeat comments on orders shared at a pre-close Q3 earnings call held by the company on Monday
** Analysts expect "strong" third quarter gas turbine orders following the call
** "Positive commentary around near-term [gas turbine] orders and the 2027 pipeline may provide some relief among investors," Citi says
** The broker notes that some investor focus had suggested 2026 could mark peak gas turbine orders
** Citi says gas turbine orders in Q3 could match previous quarters this year of around €9 billion ($10.25 billion)
** "A supply-constrained environment is supporting strong pricing and visibility," a local trader says
** Siemens Energy is scheduled to report Q3 earnings on August 5
** The stock sits at top of Germany's blue chip index .GDAXI in early Frankfurt trade
     
($1 = 0.8779 euros)

(Reporting by Danny Callaghan)
((danny.callaghan@thomsonreuters.com))