Siemens could reduce stakes in Healthineers, other companies to fund Altair deal
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 31 2024
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Source: Reuters
Siemens Stake Sales: Siemens plans to sell part of its stakes in Siemens Healthineers, Siemens Energy, and Fluence to finance its $10.6 billion acquisition of Altair, with intentions to minimize market impact during the sales.
Financial Strategy: The company has already raised approximately €3.5 billion from selling its Innomotics business and is open to reducing its 75% stake in Siemens Healthineers by about 5%.
Analyst Views on FLNC
Wall Street analysts forecast FLNC stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for FLNC is 16.25 USD with a low forecast of 8.00 USD and a high forecast of 26.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
18 Analyst Rating
3 Buy
12 Hold
3 Sell
Hold
Current: 27.270
Low
8.00
Averages
16.25
High
26.00
Current: 27.270
Low
8.00
Averages
16.25
High
26.00
About FLNC
Fluence Energy, Inc. is a global provider of energy storage products and services, and optimization software for renewables and storage. With a presence in 47 markets globally, the Company provides an ecosystem of offerings to drive the clean energy transition, including modular, scalable energy storage products, comprehensive service offerings, and artificial intelligence (AI)-enabled optimization software for managing and optimizing renewables and storage from any provider. Its offerings include energy storage products and solutions, delivery services, recurring O&M services, and digital applications and solutions for energy storage and other power assets. Its energy storage solutions include Gridstack Pro, Gridstack, Sunstack, Edgestack, and Ultrastack. In addition, each of its energy storage solutions comes with its proprietary energy management system, Fluence OS. The Company’s cloud-based software products include Fluence Mosaic and Fluence Nispera.
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.
