Independent Research, Food Delivery Space, Newmoon Capital

Newmoon Capital

Independent Research, Food Delivery Space

We look for owner-operators in what we believe are either highly defensible assets or soon to be highly defensible assets, trading at a fraction of their future potential.

Equity Bottom-Up

<ul><li>My view is that Siemens Energy’s gas earnings are not peaking in 2030.</li><li>The 2031-2034 delivery slots will largely be booked over the next two years, and order pricing is still rising.</li><li>That locks in equipment economics well into the mid 2030s. Services revenue and EBITA should take over as the main driver of growth and margin expansion starting 2030. </li></ul>

My view is that Siemens Energy’s gas earnings are not peaking in 2030.The 2031-2034 delivery slots will largely be booked over the next two years, and order pricing is still rising.That locks in equipment economics well into the mid 2030s. Services revenue and EBITA should take over as the main driver of growth and margin expansion starting 2030. 

<ul><li>While I no longer do L/S professionally, I continue to trade actively in my PA.</li><li>I rarely discuss specific positions unless I see an opportunity that is exceptionally attractive and widely misunderstood – such as my previous notes on ROO LN in 2021, SE and OMI in 2022, and going long on SE in 2024.</li><li>I believe a similarly compelling and yet highly misunderstood opportunity is currently emerging with both Siemens Energy and to some degree GE Vernova. </li></ul>

While I no longer do L/S professionally, I continue to trade actively in my PA.I rarely discuss specific positions unless I see an opportunity that is exceptionally attractive and widely misunderstood – such as my previous notes on ROO LN in 2021, SE and OMI in 2022, and going long on SE in 2024.I believe a similarly compelling and yet highly misunderstood opportunity is currently emerging with both Siemens Energy and to some degree GE Vernova. 

Siemens Energy (And GE Vernova): Debunking the Peak Gigawatt Bear Case

US-EU Index Rebalances / Quantitative Researcher

Dimitris Ioannidis

Global Financial Data and Analytics Platform

ORTEX

ORTEX is a global financial data and analytics platform providing real-time securities lending and short interest data, index rebalance data, holdings and insider transactions, trading signals, corporate actions and news,  stock machine learning and factor scores and other analytics. The majority of the data are downloadable and accessible through APIs.

Index Rebalance

<ul>
<li>
<a href="https://www.smartkarma.com/entities/siemens-energy-ag" target="_blank" data-smartkarma-citation="entities:35843:1" rel="noopener">Siemens Energy AG (ENR GR)</a> recently qualified for the selection list from the Energy sector and has experienced a price surge of over 200% in the last 12 months.</li>
<li>If <a href="https://www.smartkarma.com/entities/siemens-energy-ag" target="_blank" data-smartkarma-citation="entities:35843:1" rel="noopener">Siemens Energy AG (ENR GR)</a> remains ranked at or above 25 on 27 February, it achieves fast-entry into STOXXEurope50 at the March 2026 quarterly review.</li>
<li>
<a href="https://www.smartkarma.com/entities/london-stock-exchange-group" target="_blank" data-smartkarma-citation="entities:22034:1" rel="noopener">London Stock Exchange (LSEG LN)</a> is currently the lowest‑ranked constituent and therefore the most likely to be deleted from the index and replaced by <a href="https://www.smartkarma.com/entities/siemens-energy-ag" target="_blank" data-smartkarma-citation="entities:35843:1" rel="noopener">Siemens Energy AG (ENR GR)</a>.</li>
</ul>



Siemens Energy AG (ENR GR) recently qualified for the selection list from the Energy sector and has experienced a price surge of over 200% in the last 12 months.
If Siemens Energy AG (ENR GR) remains ranked at or above 25 on 27 February, it achieves fast-entry into STOXXEurope50 at the March 2026 quarterly review.

London Stock Exchange (LSEG LN) is currently the lowest‑ranked constituent and therefore the most likely to be deleted from the index and replaced by Siemens Energy AG (ENR GR).


Siemens Energy (ENR GR): Fast-Entry Potential into STOXXEurope50 in Mar26

<ul>
<li>
<a href="https://www.smartkarma.com/entities/siemens-energy-ag" target="_blank" data-smartkarma-citation="entities:35843:1" rel="noopener">Siemens Energy AG (ENR GR)</a> was omitted from STOXX Europe50 as it had been failing the coverage threshold in the Energy sector.</li>
<li>
<a href="https://www.smartkarma.com/entities/siemens-energy-ag" target="_blank" data-smartkarma-citation="entities:35843:1" rel="noopener">Siemens Energy AG (ENR GR)</a> surged ~20% over the last month and is now passing the threshold, making it the top addition candidate replacing <a href="https://www.smartkarma.com/entities/diageo-plc" target="_blank" data-smartkarma-citation="entities:977:1" rel="noopener">Diageo Plc (DGE LN)</a>.</li>
<li>
<a href="https://www.smartkarma.com/entities/barclays-plc" target="_blank" data-smartkarma-citation="entities:1121:1" rel="noopener">Barclays PLC (BARC LN)</a> is the second addition candidate currently replacing <a href="https://www.smartkarma.com/entities/london-stock-exchange-group" target="_blank" data-smartkarma-citation="entities:22034:1" rel="noopener">London Stock Exchange (LSEG LN)</a> as they are near the entry and exit ranks, respectively.</li>
</ul>



Siemens Energy AG (ENR GR) was omitted from STOXX Europe50 as it had been failing the coverage threshold in the Energy sector.

Siemens Energy AG (ENR GR) surged ~20% over the last month and is now passing the threshold, making it the top addition candidate replacing Diageo Plc (DGE LN).

Barclays PLC (BARC LN) is the second addition candidate currently replacing London Stock Exchange (LSEG LN) as they are near the entry and exit ranks, respectively.


Siemens Energy AG (ENR GR): STOXX Europe50 Qualification from Energy Sector

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

ASE Technology Holding   / Technical Analysis

<ul>
<li>We will stay near-term bullish as long as crucial support levels of 6824 on SPX (up from 6480-6520) and $141.50 on ACWI-US (up from $134-135.70) continue to hold.</li>
<li>Signs of impending upside are evident with the ACWI-US and all the other MSCI global indexes (MSCI EAFE, ACWI ex-US, EM) breaking out (more on that below).</li>
<li>Our intermediate-term bullish outlook has been in place since our 5/14/25 Compass. Actionable themes include Technology and Industrials, focused in EM, Europe, and Japan.</li>
</ul>


We will stay near-term bullish as long as crucial support levels of 6824 on SPX (up from 6480-6520) and $141.50 on ACWI-US (up from $134-135.70) continue to hold.
Signs of impending upside are evident with the ACWI-US and all the other MSCI global indexes (MSCI EAFE, ACWI ex-US, EM) breaking out (more on that below).
Our intermediate-term bullish outlook has been in place since our 5/14/25 Compass. Actionable themes include Technology and Industrials, focused in EM, Europe, and Japan.


Breakouts Galore in All MSCI Global Indexes; Bullish Outlook Intact

Germany

Siemens Energy AG operates as a renewable energy company. The Company offers power generation and transmission, technical consultancy, and operation and maintenance services. Siemens Energy serves customers worldwide.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Siemens Energy AG (ENR GR)

Siemens Energy: Max Growth or No Growth?

My view is that Siemens Energy’s gas earnings are not peaking in 2030. The 2031-2034 delivery slots will largely be booked over the next two years,...

Newmoon Capital

Siemens Energy (And GE Vernova): Debunking the Peak Gigawatt Bear Case

I believe Siemens Energy could double in 2 years, while the downside is amazingly protected given the nature of the business and what is in the...

Newmoon Capital

Siemens Energy (ENR GR): Fast-Entry Potential into STOXXEurope50 in Mar26

ENR GR is now projected to replace DGE LN rather than LSEG LN in STOXXEurope50 in March, following DGE’s 16% price drop over the past two days....

Dimitris Ioannidis