JPM Analysts Say Siemens Energy's Drop Following GE Vernova Weak Outlook Is Unjustified
Siemens Energy fell by 8.8% after a similar decline in shares of its peer, GE Vernova, which reported weaker-than-expected Q2 core profit and full-year revenue guidance. However, JPM analysts argue that Siemens' drop is not justified given the lack of direct impact from GE Vernova's performance.
Tickers: $GEV
Topics: GE Vernova Q2 earnings revenue guidance miss Siemens Energy