Siemens Energy shares jump 20% on raised targets

Siemens Energy surges after record Q4 order intake, raised medium-term targets
Siemens Energy (OTCPK:SMEGF) +15.3% in Frankfurt on Wednesday after reporting a narrower than expected Q4 loss and a new record for its order book while upgrading its medium-term financial guidance. Q4's loss of €254B came in well below the analyst consensus forecast of a loss of €351.
Live news: Siemens Energy shares jump 20% on raised targets
Shares in Siemens Energy jumped 20 per cent to a new all-time high on Wednesday, after the energy technology company raises its financial targets.
Siemens Energy Boosts Midterm Targets on Infrastructure Boom
Siemens Energy AG raised its mid-term targets after demand for its grid technologies helped offset losses at its beleaguered wind-turbine division.
Siemens Energy Shares Soar on Raised Midterm Targets, Record Order Intake
Shares were up 20% at 46.87 euros in early morning trade in Frankfurt. They have nearly quadrupled this year, making Siemens Energy the top gainer among German blue chips. The Munich-based company late Tuesday upgraded its 2028 financial targets,
Siemens Energy won't propose dividend for fiscal year 2024
Siemens Energy has not proposed a dividend for the 2024 fiscal year, citing limitations to its payout policy as a result of obtaining project guarantees last year that are backed by the German government.
Siemens Energy Boosts Midterm Targets
Siemens Energy AG’s shares surged the most on record after the company lifted its midterm targets, citing growing demand for its grid technologies that offset losses at its beleaguered wind-turbine division.
Siemens Energy posts 16.6% jump in revenue, lower losses in Q4
Siemens Energy on Wednesday said growth in annual fourth quarter revenue led to a pre-tax loss of €69 million ($73 million), significantly lower than that €647 million loss seen in last year's fourth quarter.

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Shares of Siemens Energy AG were climbing around 16 percent in the morning trading on Germany's XETRA after the company Wednesday ...
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Siemens Energy considers all options for its wind business in India, including partnerships or potential exit, amid global ...
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Large offshore order helps Siemens Gamesa narrow losses in 2024
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How Siemens Healthineers used data and storytelling to make MRIs less scary for child cancer patients
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Electricity demand is absolutely growing, says Siemens Energy CEO
Siemens Energy CEO Christian Bruch weighs in on whether the energy transition is losing steam, and what the renewable energy ...