Siemens Energy’s +9.83% move is supported by growth

I view today’s +9.83% jump to €131.62 as broadly justified by improving fundamentals, not enough to overturn my view. Q2 2026 revenue grew 17.5% year over year, EPS rose 80.0% to €1.26, and free cash flow reached €2,111M, up 690.6%. Consensus projects EPS growth of 183.2% in FY 2026 and another 38.9% in FY 2027; that lifts the estimated P/E from 29.1x to 21.0x, making the growth more persuasive than the 42.5x trailing multiple suggests. The move follows a 3-month decline of 18.1%, and the share price remains 29.8% below its 52-week high. I will buy, but size cautiously: beta is 1.87 and analyst targets range from €100.00 to €260.00.