{
  "id": 3484555,
  "title": "Siemens Energy vs. GE Vernova: Which power stock offers more upside from here?",
  "url": "https://urgent.news/2026/08/26/siemens-energy-vs-ge-vernova-which-power-stock-offers-more-upside",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-26T10:21:55.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/siemens-energy-vs-ge-vernova-which-power-stock-offers-more-upside-from-here-93CH-4876663"
  },
  "original_language": "en",
  "account": "The investment firm Goldman Sachs predicts a 60% earnings growth for Siemens Energy through FY2030, with a €212 Buy target, suggesting a potential 39% upside from the current price of €152. The primary reason for this bullish outlook is Siemens Energy's lower valuation compared to its peer, GE Vernova, despite similar structural advantages in data centers, grid investment, and energy security.\n\nKey data points supporting this analysis include Siemens Energy's current EV/EBITDA multiple of 26.3x, whereas GE Vernova commands a significantly higher 60.9x, more than double. Goldman projects the valuation gap to narrow further, with Siemens Energy's EV/EBITDA expected to converge to around 6x by 2030, compared to GE Vernova's projected 21x.\n\nSiemens Energy's financial turnaround is noteworthy. The company went from negative EBITDA of -$2.41B in FY2023 to a strong +$3.15B in FY2025, a $5.6B improvement driven by the Siemens Gamesa restructuring and Gas Services recovery. In contrast, GE Vernova saw a more modest growth from $1.06B EBITDA in FY2023 to $3.00B in FY2025.\n\nRevenue growth is a major differentiator, with Siemens Energy's revenue increasing by 39.5% over two years, reaching $45.9B, compared to GE Vernova's 14.5% growth to $38.1B. The company's order book momentum is stronger in data center power demand and grid capex, which is translating into faster growth. Additionally, Siemens Energy's gross margin expanded significantly from 2.4% to 16.8%, reflecting its operational leverage.\n\nThe analysis also highlights the contribution from key business segments. Siemens Energy's Gas Services segment is benefiting from higher OEM volumes and improving service profitability, while data center backup power demand is creating a structural tailwind for gas turbines, where Siemens is a global leader. In the grid technologies segment, long-duration growth is expected from grid modernization, driven by the need for network upgrades to integrate renewables and support EV charging infrastructure. Lastly, the Siemens Gamesa segment, despite being the highest-risk but highest-reward piece, could unlock significant value, with Goldman projecting €25 billion in shareholder returns through the end of the decade, representing nearly 19% of the company's current market value.\n\nThe stock's volatility is evident, with a 1.88 beta indicating it has traded between €83.32 and €191.66 over the past 52 weeks. The fair value model suggests a potential downside of -10.5% at current levels, indicating the market may have already priced in much of the recovery. However, execution risk on Siemens Gamesa's offshore wind turnaround remains a critical variable, as any setbacks could delay the earnings acceleration Goldman anticipates through FY2030.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}