A large order brought an already increasing share of Siemens Energy to an already rising share on Wednesday afternoon.
A billion-dollar order from Saudi Arabia caused the course of the energy technology group via Xetra ultimately increased by 8.97 percent to 57.84 euros.
For a total of $ 1.6 billion or the equivalent of almost 1.5 billion euros, Siemens Energy, together with the Chinese Harbin Electric, is to equip two gas-powered power plants in Saudi Arabia. The order also includes long -term maintenance to ensure a company over the next 25 years, it said in a message.
The positive course reaction should not least be due to the volume of the order. At around 1.5 billion euros, this corresponds to almost eleven percent of the total order input from Siemens Energy in the final quarter of 2024 or the first quarter of the current financial year of the company.
The course of the Siemens-Energy share has repeatedly moved strongly in the past few weeks because of the statements by the new US President Donald Trump. The company is considered a possible profiteer from the planned massive investments of the new US government in the AI infrastructure. However, the course had always suffered from Trump’s chaotic customs policy.
The bottom line is an increase of around 14 percent on the course slip on the paper so far, after the 2024 share was by far the strongest DAX title with an increase of 320 percent. The former Siemens subsidiary is now worth almost 50 billion euros. At the time of split off in autumn 2020, it was just around 17 billion euros. The ex-mother still holds around 15 percent of the Siemens-Energy shares.
In autumn 2023, the company had stuck deep in the crisis, especially because of the problems in the wind turbine construction division. At that time, the federal government had to secure the company’s business with billion dollar guarantees. As a result, the Siemens-Energy course dropped to 6.40 euros and the stock market value at just a little more than four billion euros.
/Bek/La/ZB/NGU
Frankfurt (dpa-Afx)
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