08:01 AM EDT, 05/18/2026 (MT Newswires) -- BofA Global Research reiterated its buy rating on Siemens Energy (ENR.F) following the German energy technology company's fiscal second-quarter financial results.

"We view [the company's May 12] results as incrementally bullish, vs mixed investor feedback, reinforcing ENR as one of our top picks: (1) ENR's slot strategy implies mgmt are more bullish on Gas [original equipment] demand, (2) this is supported by datapoints incl. new backlog guidance, (3) extra EUR1bn buyback confirms proactive capital allocation,"analysts said Monday. "Stepping back, we think caution based on a possible 'peak'in Gas OE GW orders ignores backlog duration is still rising, and group orders will keep growing."

The research firm also expects continued strength in gas demand, supported by several datapoints, including robust slot reservation payments.

The stock's price objective stands at 250 euros.