Siemens Energy falls 10% after Thursday's record high
Shares of Germany's Siemens Energy ENR1n.DE tumbled around 10% after Thursday's record high following its results
*"Today's price movement in Siemens Energy is likely driven by profit-taking," Nikolas Demeter, analyst at Metzler, said
A trader says no more positive news is expected after the company's capital markets day
*Demeter added that Siemens Energy also supplies power infrastructure for data centres and has recently seen some correlation between its share performance and that of major U.S. tech companies
European tech stocks declined on Friday morning after Thursday's global rally following Nvidia's NVDA.O upbeat forecasts
RBC, meanwhile, upgrades target price for Siemens to 136 euros from 130 euros per share, taking new mid-term forecast and outlook beyond into account
Shares set for their worst day since January
Up to the previous session's close, shares were up 122.5% YTD
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