Siemens Energy's plunge after peer GE Vernova's weak outlook not justified, JPM analysts say

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Siemens Energy ( SMEGF ) ( SMERY ) down 8.8% in Wednesday's trading following a similar decline in shares of peer GE Vernova ( GEV ) after the gas turbine maker reported Q2 core profit and issued full-year revenue guidance that missed market expectations .

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JPMorgan analysts say Siemens Energy's decline cannot be justified by GE Vernova's weakness. Siemens Energy fell 8.8%.

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According to JPMorgan analysts, Siemens Energy's fall is due to GE Vernova's disappointing performance, which does not meet market expectations. This reflects market volatility.

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