Panmure picks its electrification favourites in Europe

Siemens Energy AG

12/10/2026 09:20

** Panmure Liberum starts coverage of European stocks exposed to the electrification theme, saying long-term demand from grid investment, power infrastructure upgrades and data centres remains supportive
** The broker starts French electrical equipment group Schneider Electric SCHN.PA and German industrial group Siemens SIEGn.DE at "buy", citing exposure to the theme and more balanced growth expectations
** It starts Swiss engineering group ABB ABBN.S at "hold", citing valuation
** Italian cable maker Prysmian PRY.MI and German energy technology company Siemens Energy ENR1n.DE are rated "sell", with Panmure saying growth expectations have become too optimistic
** Shares in Prysmian are up about 43% this year, ABB 35%, Siemens Energy 21%, Siemens 15% and Schneider Electric 14%

Company
Rating
PT
Schneider Electric
Buy
€330
Siemens 
Buy
€325
ABB
Hold
CHF 85
Prysmian
Sell
€109
Siemens Energy
Sell
€125

($1 = 0.8927 euros)
($1 = 0.8315 Swiss francs)

 (Reporting by Kira Britten)
 ((Kira.Britten@thomsonreuters.com))