Position established following stock price decline due to wind business issues.Resurgent gas turbine and growing grid technology businesses are key drivers.Win
A Texas experiment to fund new natural gas-burning power plants with $5 billion in public loans is faltering as several of the proposed facilities drop
Mint first reported that Germany’s Siemens Energy AG had put Siemens Gamesa’s India wind turbine unit for sale to cut losses and return its global wind turbine business to profitability by 2026.
TPG, along with Vellayan Subbiah and Prashant Jain, is set to acquire Siemens Gamesa Renewable Power's Indian wind energy assets for $500-550 million. Siemens Energy AG will retain a minor stake. The deal aims to streamline operations and enhance productivity amid mounting losses and a German government bailout for Siemens Energy.
The England and Wales transmission and distribution network operator awarded about $26.8 billion worth of contracts for the supply of converter systems and...
Germany’s new spending deal, which earmarks €100 billion ($109 billion) for climate projects, gave a jolt to green energy companies that could benefit from the wave…
European stocks ended the day flat as worries about Microsoft Corp.’s dwindling spending on data centers tempered positivity from the German election outcome.
Microsoft Corp. has begun canceling leases for a substantial amount of datacenter capacity in the US, a move that may reflect concerns about whether it’s building m…
A federal election is looming for a German equity market trading near all-time highs, and the impact is set to reverberate most across the country’s smaller stocks …
Orders: EUR13.7 billion, with a book-to-bill ratio of 1.53.Order Backlog: EUR131 billion, a record level.Revenue: EUR8.9 billion, up by 18.4% comparable.Profit
Feb 12, 2025 / 09:30AM GMTOperator Ladies and gentlemen, thank you for standing by. Good morning, ladies and gentlemen, and welcome to the Siemens Energy's Q1 f
Siemens Energy AG expects rising electricity demand and the shift to renewable energy to drive growth this year after posting a record order backlog in the last qua…