Berenberg Bank Upgrades Siemens Energy (OTCMKTS:SMNEY) to “Strong-Buy”

Berenberg Bank upgraded shares of Siemens Energy (OTCMKTS:SMNEY) to a strong-buy rating in a report published on Tuesday morning, Zacks.com reports.

Siemens Energy Stock Performance

Siemens Energy stock opened at $26.12 on Tuesday. Siemens Energy has a twelve month low of $7.21 and a twelve month high of $29.19. The company has a 50 day moving average of $24.48 and a 200-day moving average of $18.34.

About Siemens Energy

Siemens Energy AG operates as an energy technology company worldwide. It operates through Gas Services, Grid Technologies, Transformation of Industry, and Siemens Gamesa segments. The company provides gas and steam turbines, generators, and heat pumps, as well as performance enhancement, maintenance, customer training, and professional consulting services for central and distributed power generation; and high voltage direct current transmission systems, offshore windfarm grid connections, transformers, flexible alternating current transmission systems, high voltage substations, air and gas-insulated switchgears, digital grid solutions and components, and storage solutions.