Siemens Energy Tests Key Chart Level as Record Orders Clash With a Growing Bear Case
Published on 09/17/2026 at 13:21 | Editorial boerse-global.de
Siemens Energy shares pushed higher on Thursday, changing hands at EUR 141.74 for a gain of 3.6% over the previous close of EUR 136.78, as the stock attempts to shake off a soft stretch and reclaim a closely watched technical threshold.
The advance has been attributed in part to the company's stubbornly strong order book. Siemens Energy points to record orders worth EUR 17.9 billion, alongside a return to profitability at its wind unit Siemens Gamesa — a combination that has given bulls fresh material after several lackluster weeks. On the charts, a sustained move above EUR 141.95 is viewed as the trigger for a new rally leg, a level the stock has already grazed during the session.
A Shipyard Order Adds to the Momentum
Warnemünde delivered a second tailwind. According to consistent reports, the Neptun shipyard has been cleared to build another offshore platform for grid operator 50Hertz. Together with the first platform, the Neptun Smulders and Siemens Energy consortium is executing a combined volume of EUR 2.5 billion. The work is expected to generate as many as 500 jobs in Warnemünde and roughly 500 more across the supplier chain, with the first platform rising about 200 kilometers west of Sylt.
Two Analysts, Two Very Different Worlds
Where the picture clouds over is in the research community, where opinions have rarely been further apart. JPMorgan reiterated an Overweight rating and a EUR 245 price target, implying substantial upside from current levels. Mwb sits at the opposite pole, reaffirming its Sell rating on concerns that today's elevated growth pace will eventually normalize. The gap between the two camps underscores just how contested the valuation has become after the stock's powerful twelve-month run.
Should investors sell immediately? Or is it worth buying Siemens Energy?
The demand surge feeding the energy sector is largely tied to the data-center boom and the electricity consumption that comes with it. Europe's policy framework adds medium-term support: the EU's Electrification Action Plan targets lifting electricity's share of final energy consumption from roughly 23% today to 46% by 2040 — an ambition that should underwrite spending on grids, turbines and power equipment for years.
Cracks Beneath the Boom Narrative
Not every corner of the sector is thriving. The Sowitec Group has already filed for insolvency, and other developers including BayWa r.e. and ABO Energy are working through restructuring. Those troubles sit primarily on the renewable project-development side rather than in Siemens Energy's turbine and grid-technology business, yet they suggest the energy sector is more fragmented than the bullish story of recent quarters implied.
The Chart Still Has Something to Prove
Thursday's jump notwithstanding, the stock remains below its 50-day moving average of EUR 149.20 — a sign that the weaker phase has not been fully left behind. Traders are likely to watch closely in the coming sessions whether the shares can decisively clear EUR 141.95. A clean break would open the door to a continued recovery; a failure could invite another pullback toward the support zone tested in recent weeks.
Over the past month the stock is down 9.6%, evidence that the market has already begun questioning the growth narrative more critically than it did a few weeks ago. That backdrop is precisely where Mwb's Sell call finds its footing: the debate now turns less on near-term order momentum and more on how durable today's lofty growth rates and margins really are once the data-center and grid build-out cycle eventually cools.
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