Siemens Energy raises mid-term outlook as turnaround gathers pace [Yahoo! Finance]
SIEMENS AG SPONS ADR (SIEGY)
NASDAQ:AMEX Investor Relations:
siemens.com/investor
Company Research
Source: Yahoo! Finance
new record for its order book and a narrower fourth-quarter loss, boosted by rising demand for power equipment and an ongoing turnaround at its wind turbine unit. Like key rival GE Vernova, the group is benefiting from a strong expansion of wind power, the need to upgrade dated energy grids, and a push to keep gas-fired power plants running until enough renewable capacity is available globally. While those fundamentals have been fairly stable in recent years, quality issues at some of its wind turbines threw Siemens Energy into its biggest-ever crisis last year, causing it to rely on the state for vital project guarantees. Since then, the company has sold assets, narrowed losses at its wind division Siemens Gamesa, and grown its order book substantially, causing shares to more than triple year-to-date and making it the best performer among German blue chips so far in 2024. "In a pivotal fiscal year 2024, we achieved all our goals, driven by strong orders and project execution
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SIEGY
News
- Isaac Ullatil Joins Wellstack Board of Directors [Yahoo! Finance]Yahoo! Finance
- Siemens Aktiengesellschaft (OTCMKTS: SIEGY) was downgraded by analysts at Bank of America Co. from a "buy" rating to a "neutral" rating.MarketBeat
- ECHOLIGHT ANNOUNCES MULTI-YEAR AGREEMENT WITH SIEMENS HEALTHINEERS [Yahoo! Finance]Yahoo! Finance
- Optomec and Siemens Deliver Next Generation Manufacturing Solution for High Value Metal Repair [Yahoo! Finance]Yahoo! Finance
- Siemens AG (SIEGY) Q4 2024 Earnings Call Highlights: Strong Cash Flow and Dividend Increase ... [Yahoo! Finance]Yahoo! Finance
SIEGY
Analyst Actions
- 10/5/24 - Citigroup Inc.
SIEGY
Sec Filings
- 11/14/24 - Form 13F-HR
- 8/30/24 - Form N-PX
- SIEGY's page on the SEC website