Siemens Energy Shares Rise After Buyback
By Maitane Sardon
Shares in Siemens Energy rose after the German energy company said it plans to buy back up to 6 billion euros ($6.92 billion) of its own shares over the next three years.
Siemens' announcement came a week after it upgraded its financial targets for its fiscal 2028, signaling confidence it can deliver on the new targets while freeing up cash along the way.
Shares climbed 5.9% in early afternoon European trading Thursday to 115.20 euros and are currently trading at a record high.
Siemens Energy is now targeting a profit margin before special items in fiscal 2028 of between 14% and 16%, compared with a previous target of 10% to 12%.
It is also aiming for compound annual revenue growth in the low-teen-percentage range, above a prior target of high-single-digit to low-double-digit growth.
The 2028 targets are about 25% higher than what the market had expected, with productivity gains and very tight supply demand the main drivers behind the upgrade, Barclays analysts said in a research note.
Write to Maitane Sardon at maitane.sardon@wsj.com
(END) Dow Jones Newswires
November 20, 2025 07:38 ET (12:38 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
4 Stocks to Buy Before They Rise Further
2 Undervalued Stocks to Buy Before They Rebound
The 10 Best Companies to Invest in Now
The 10 Best Dividend Stocks
United States