In a note published this morning, Berenberg's analysts have raised their target price for the company from €25 to €30, while maintaining their Buy recommendation.

The German bank says it can't help noticing the similarities between Siemens Energy and GE Vernova, GE's recently floated energy division, in terms of size, business lines and profitability.

Yet, as Berenberg points out, Vernova is currently trading on the stock market at a valuation 2.5 times higher than that of Siemens Energy, a fundamentally flawed assessment from its point of view.

The financial institution estimates that the market assigns a negative value of around 11 billion euros to the Siemens Gamesa wind power subsidiary, whereas it assigns it a potentially positive value of around six billion euros.

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