Third Point hedge fund acquires stake in Siemens Energy By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 05 2025
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Should l Buy ?
Source: Investing.com
Third Point's Investment: Dan Loeb's Third Point hedge fund has acquired a stake in Siemens Energy, which has faced significant losses in its wind business but shows potential for growth in gas turbines and grid products due to increasing demand from renewable energy and electrification trends.
Positive Outlook for Siemens Energy: Despite past challenges, Siemens Energy has a substantial backlog of €123 billion, indicating strong future revenue and earnings growth, with projections suggesting earnings could exceed €5 per share by the end of the decade.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
