Latest News for SMEGF
Siemens Energy started preparing for the transition to an independent brand, the German energy provider said on Tuesday, with the current entities Siemens Energy and Siemens Gamesa Renewable Energy to be united under the name Omterra.
Siemens Energy AG remains a strong buy, driven by robust fundamentals and visible earnings growth potential in Gas Services (GS) and Grid Technologies (GT). GS is transitioning from a demand story to a conversion story, with a strong backlog, early slot reservations, and capacity expansions set to accelerate revenue and margin growth. GT benefits from surging US data-center demand, premium pricing for faster…
Shares jumped after the company reported high demand across gas services, and said order visibility remained high.
Siemens Energy is weighing spinning off its "Transformation Of Industry" division, which makes compressors and steam turbines, Manager Magazin reported on Thursday.
German power grid operator 50Hertz has commissioned a consortium of Siemens Energy and Neptun Smulders Offshore Renewables to build an offshore converter system linking North Sea wind farms to Germany's electricity grid, the company said on Wednesday.
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