Siemens Energy’s Stock Rally Hits 200%, Outshining Even Nvidia
- Grid business helps cashflow after wind turbine struggles
- Shares triple in value this year to top Stoxx Europe 600
Workers inspect wind turbine blades at the Siemens factory in Hull, UK.
Photographer: Darren Staples/BloombergThis article is for subscribers only.
In what’s been another year of underperformance for European stocks versus their US peers, a German renewable energy firm is bucking that trend with a rally beating even that of semiconductor-darling Nvidia Corp.
Siemens Energy AG shares are set for a sixth straight week of gains and have now tripled this year, the only stock in Europe’s Stoxx 600 benchmark to top the US chip giant’s 177% advance.