Streetbeat News

SIEGY

Siemens AG

https://www.siemens.com/global/de/

CEO

Roland Busch

Open

109.51

Mkt cap

171B

Volume

26K

High

109.76

P/E Ratio

20.39

52-wk high

109.76

Low

108.76

Div yield

0.02

52-wk low

83.64

ChargePoint and Siemens are key players in the clean tech revolution, focusing on EV infrastructure and eVTOL technology. ChargePoint is enhancing EV charging with AI and power-sharing, while Siemens plans to spin off its EV charging business. The eVTOL industry is poised for growth with upcoming FAA regulations.

Portfolio Pulse from Surbhi Jain

September 30, 2024 | 2:21 pm

Siemens Energy AG plans to hire over 10,000 new employees to boost its electricity grid business, aiming for significant growth over the next six years. The company is investing €1.2 billion in capital expenditures to expand manufacturing capacity in the U.S., Europe, and Asia.

Portfolio Pulse from Lekha Gupta

July 02, 2024 | 11:43 am

Schneider Electric SE is in preliminary discussions to potentially acquire Bentley Systems Inc, with the deal possibly exceeding $15 billion. Bentley Systems, known for its engineering software, confirmed Schneider Electric's public statement about the merger talks. The merger could see Schneider's software business combine with Bentley, making it a significantly larger publicly traded entity. Schneider Electric aims to enhance its industrial software portfolio to compete with Siemens AG and Rockwell Automation Inc.

Portfolio Pulse from Shivani Kumaresan

April 19, 2024 | 12:44 pm

Tim Seymour, CIO at Seymour Asset Management and strategist for Amplify International Enhanced Dividend Income ETF (IDVO), recommends focusing on large multinationals with high dividend yields. He notes that IDVO has outperformed the S&P 500 and suggests caution in the current market, advising investors to be ready to exit certain trades. Seymour is cautious on China, citing low sentiment and internal pressures on companies like Tencent (TCEHY) and Alibaba (BABA). He prefers companies benefiting from AI, such as Nvidia (NVDA) and Siemens (SIEGY).

Portfolio Pulse from Neil Dennis

December 22, 2023 | 9:08 pm

Siemens AG (SIEGY) reported Q4 FY23 revenue of €21.4 billion, a 4% Y/Y increase, and a 7% rise in Profit Industrial Business to €3.38 billion. EPS was €2.17, down from €3.39 Y/Y. The company experienced a loss in Siemens Energy Investment but proposed a dividend increase to €4.70/share. FY24 guidance includes 4-8% comparable revenue growth and EPS pre-PPA of €10.40 to €11.00, excluding Siemens Energy Investment. Shares closed up 1.32% at $75.15.

Portfolio Pulse from Lekha Gupta

November 16, 2023 | 10:57 am

Siemens AG (OTC:SIEGY) plans to invest over $500 million in the U.S. manufacturing sector, including a $150 million high-tech manufacturing plant in Dallas-Fort Worth, Texas, to support American data centers and critical infrastructure. The company also plans to invest in a new rail manufacturing facility in Lexington, North Carolina, and two electrical-products manufacturing plants in Texas and California. These investments are expected to create 1,700 jobs and are part of Siemens' €2 billion global investment strategy for 2023.

Portfolio Pulse from Shivani Kumaresan

November 03, 2023 | 5:42 pm

Microsoft Corp (NASDAQ:MSFT) and Siemens AG (OTC: SIEGY) are expanding their partnership to bring generative AI to industries worldwide. They are introducing Siemens Industrial Copilot, an AI-powered assistant developed jointly to enhance human-machine collaboration in manufacturing. The integration of Siemens Teamcenter software for product lifecycle management and Microsoft Teams will further enable the industrial metaverse. The AI copilot will assist professionals in various industries, including manufacturing, infrastructure, transportation, and healthcare.

Portfolio Pulse from Anusuya Lahiri

October 31, 2023 | 4:29 pm

Siemens AG reported Q3 FY23 revenue growth of 6% Y/Y to €18.9 billion, missing the consensus estimate of €19.27 billion. Orders rose 10% Y/Y to €24.2 billion, beating the consensus. Profit Industrial Business fell 4% Y/Y to €2.75 billion, missing the consensus of €2.90 billion. Siemens reiterated FY23 guidance of comparable revenue growth at 9% to 11% and a book-to-bill ratio above 1. SIEGY shares closed at $80.27 on Wednesday.

Portfolio Pulse from Lekha Gupta

August 10, 2023 | 1:24 pm

Siemens Energy (OTC:SIEGY) reported a $2.4 billion loss due to wind turbine problems in Q3 2023. The company will slow down its new product rollouts following these quality issues. The costs arose from the wind turbine subsidiary, Siemens Gamesa, which had scrapped its profit forecast in June and warned about continuous costly failures. Siemens Energy’s net loss for the year is now estimated to be around 4.5 billion euros. Despite the losses, Siemens Energy reported strong growth in orders and revenues, along with a record order backlog of 109 billion euros in its third-quarter report.

Portfolio Pulse from Benzinga Neuro

August 07, 2023 | 9:22 am

Walmart's CFO expects Flipkart and PhonePe to reach $100 billion in value, driving the company's foreign market sales. XPeng launches self-driving tech in China, rivaling Tesla. Nvidia receives significant orders from ByteDance and Alibaba for its GPUs. Hong Kong regulator pressures HSBC and Standard Chartered to take on crypto clients.

Portfolio Pulse from Vandana Singh

June 15, 2023 | 1:47 pm

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