Tue. Jan 19th, 2021
Siemens Gamesa

Siemens Gamesa has led the increases of the IBEX 35 in the session this Monday, driven by rumors that point to a possible sale to giants of the Asian industry.

The wind turbine manufacturer has risen 4.12%, thus exceeding 29 euros per share. A price that only surpassed in the last session of November, when it closed the day at 29.9 euros per share, its all-time high. Among those interested in Siemens Gamesa are the Chinese group Shanghai Electric or the Japanese Mitsubishi , according to information published by Expansión.

Gamesa survives 2020
In the accumulated of the year, the price of the company shoots up more than 99% until doubling its price at the beginning of the year, of just over 15 euros per share.

In the last month, it added 22% more, being one of the most outstanding values ​​of the IBEX in the best month in its history. It was in the last session in November that Siemens Gamesa managed to close at its all-time high .

Together with Solaria, renewables led the increases in the Spanish stock market thanks to forecasts that suggest that the sector will be the one that will receive the most funding from European recovery funds due to the pandemic.

Time for sale?
At this point, with Siemens Gamesa approaching its highest levels, analysts debate whether it is the right time to sell its shares. The value has 4 recommendations to sell compared to 12 to hold (48%) and 9 to sell, according to the consensus gathered by Bloomberg.

This Monday, after hearing rumors of its possible sale, investment funds such as Alantra reviewed their position towards the sale. In this sense, the security has a target price for the next 12 months of 23.63 euros per security, almost six euros below its current price. Its return potential is also negative, 18.4%.

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