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💡 Siemens Energy reports billion-dollar profit and stock growth! 🚀
German giant Siemens Energy $SMNEY had an extremely successful year, reporting a net profit of 1.3 billion euros. This is a significant turnaround after last year's losses caused by problems with wind turbines and a €15billion government bailout . The company's shares responded by rising sharply by 20 %.
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I don't know if I would buy at the current price and take the advice of analysts, but at the very least it's an interesting business and I probably wouldn't have a problem buying at a lower price.