Siemens Energy AG is a German energy company that was spun off from Siemens in 2020 and is headquartered in Erlangen, Germany. The company specializes in manufacturing and managing energy systems and providing technologies for power generation, transmission, and distribution. Siemens Energy focuses on areas such as renewable energy, electric mobility, energy efficiency, and the digitalization of energy systems. The company also offers services in sustainability and the transition to low-carbon energy systems, including developing technologies for hydrogen and smart energy grids. It operates globally and plays a key role in the transformation of the global energy sector.
💡 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 %.
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.
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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.