Siemens Q1 - Why I Am Waiting [Downgrade] [Seeking Alpha]
SIEMENS AG SPONS ADR (SIEGY)
NASDAQ:AMEX Investor Relations:
siemens.com/investor
Company Research
Source: Downgrade
The company is accelerating its portfolio optimization, cutting its stake in Siemens Energy and increasing its stake in Siemens India. While Siemens is a solid company with a strong moat, the current valuation is not compelling for a +15% annualized upside. Looking for a helping hand in the market? Members of iREIT® on Alpha get exclusive ideas and guidance to navigate any climate. Learn More » Dear readers/followers, My last article and work on Siemens OTCPK:SIEGY ) was a Buy rating from March 2023. This is a company that I have been following for some time in my work. I even maintain a small stake in the business. In this article, we'll digest the 1Q24 results and see what the upside is for Siemens at over €175/share. Siemens has delivered outperformance for some time. Things have changed since I purchased shares at a double-digit share price, and sold at close to €150/share. However, with improvements in the results and a good upside, it's time to revisit Siemens as a co
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News
- Vestas Seeks to Hold Onto Higher Wind Power Prices [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Combined Heat and Power Market worth $39.2 billion by 2029 - Exclusive Report by MarketsandMarkets™ [Yahoo! Finance]Yahoo! Finance
- Siemens pension funds cuts Siemens Energy stake to below 10%, filing shows [Reuters]Reuters
- Siemens Government Technologies Names Elizabeth Larson as Chief Financial Officer [Yahoo! Finance]Yahoo! Finance
- Sight Machine for Siemens Industrial Edge Brings Manufacturing AI to Factory Automation Systems [Yahoo! Finance]Yahoo! Finance