Siemens to sell $2.6 billion stake in Siemens Energy to fund Altair acquisition

Siemens AG plans to sell a $2.6 billion stake in Siemens Energy to fund its $10 billion acquisition of Altair Engineering, with future divestments also considered.

Siemens Energy lower as GE Vernova CEO sounds caution on sector

GE Vernova has resumed turbine installations but faces financial losses in its wind division, projecting limited growth while experiencing strong demand for gas turbines and electrical grid equipment.

Germany stocks mixed at close of trade; DAX up 0.02%

Germany's stock market showed mixed results, with gains in key sectors. DAX slightly increased, while MDAX declined. Qiagen hit a 52-week high amid fluctuating commodity prices.

Germany stocks higher at close of trade; DAX up 0.67%

Germany's stock market gained, led by strong performances in DAX and MDAX sectors, with notable highs for Siemens Energy, Aurubis, and Tui, amidst declining commodities prices.

Germany stocks higher at close of trade; DAX up 0.84%

Germany stocks mixed at close of trade; DAX up 0.75%

Germany stocks lower at close of trade; DAX down 0.30%

Germany's stocks fell, led by declines in technology and media sectors. Notable gainers included Siemens Energy, while Porsche and RTL faced significant losses.

Siemens Energy, RWE warn of Trump fallout in US offshore wind sector

Major renewables firms RWE and Siemens warn of U.S. offshore wind project delays under Trump's presidency, raising investment concerns and indicating a shift in industry prospects.

Siemens Energy won't propose dividend for fiscal year 2024

Siemens Energy has not proposed a dividend for FY 2024 due to restrictions from German government-backed project guarantees totaling €15 billion.

Siemens Energy raises mid-term outlook as turnaround gathers pace