Siemens Energy shares jump on 2030 targets and €9B buyback
Siemens Energy rose about 7% after targeting 12-14% annual revenue growth and up to 22% margins by 2030, though its CEO says AI data centres are under 10% of backlog.
What we know
Market news accounts report Siemens Energy rose 7% as gas turbine and grid demand lifts orders, with 12-14% annual revenue growth and 20-22% margins targeted through 2030 and €9B more in buybacks. The CEO said some data-centre growth expectations were too ambitious but the power demand trend is intact, and that under 10% of the roughly €164B backlog is tied to data centres.
How the story developed
Siemens Energy rose about 7% after targeting 12-14% annual revenue growth and up to 22% margins by 2030, though its CEO says AI data centres are under 10% of backlog.
Siemens Energy rose about 7% after targeting 20-22% margins by 2030 and announcing €9B in additional buybacks. Its CEO pushed back on the "AI stock" label.
What people are posting
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“Siemens Energy +7% as power demand from AI data centers... boosts orders”
View post →“I'm annoyed that we tend to be treated like an AI stock”
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