Siemens Energy AG Ordinary Shares

ENR: XETR (DEU)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€73.40	Ctky	Xkgyfzkr

Siemens Energy Free Cash Flow Improvements and Asset Disposals Lower Balance Sheet Concerns

Matthew Donen

May 8, 2024

Business Strategy and Outlook

Siemens Energy's products and solutions helps generate one-sixth of the world's electricity. However, the group has failed to produce net income since its spinout from Siemens AG in 2020. Intense competition in several of its businesses have been compounded by quality issues with some of its wind turbines, resulting in large losses. Restoring profitability depends on the turnaround efforts at Siemens Gamesa and the magnitude of unforeseen losses to fix faulty wind turbines.

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