Siemens Energy Jumps Most on Record as AI Demand Fuels Recovery
- Company sees profit margin of as much as 12% by fiscal 2028
- Wind unit Gamesa is expected to break even in fiscal 2026
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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.
Revenue is likely to grow by a high single-digit to low double-digit percentage, with a profit margin of 10% to 12% by fiscal 2028, the company said late Tuesday. Siemens Energy had previously predicted a profit margin of 8% or above.