Siemens Energy Strategic Update and German Solar Tender

Goldman Sachs highlights strong results for Siemens Energy and raised its price target to €212. The report also notes Germany's award of 2.3 GW in solar tenders and a significant 65% growth in the European data center power pipeline.

Key Takeaways

• 1.Siemens Energy reported strong Q2 results and raised guidance, with the Grid Technologies division performing ahead of schedule.
• 2.The German solar auction awarded 2.3 GW with an average volume-weighted award value of 4.94 ct/kWh.
• 3.Europe is at an inflection point for power demand, with the data center pipeline reaching 280 GW, nearly 90% of current EU28 demand.

Table of Contents

• Utilities and Clean Energy Conference:
• Siemens Energy: Strategic update to drive further EPS upgrades
• Germany awards 2.3 GW in latest solar tender
• Other news
• Events to watch this week
• Research you need to read
• Powering Up Europe: Outlook 2026: Building the foundations of the next utility super cycle
• Powering Up Europe: AI, data centers and energy needs: at Europe's inflection

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