Siemens Energy Shares Soar on Raised Midterm Targets, Record Order Intake
The utility-sector supplier is looking to return to profitability after years of quality issues at its wind-turbine unit, where defective turbines caused massive losses. The division, Siemens Gamesa, is still expected to break even in fiscal 2026. It booked a loss of 1.78 billion euros ($1.89 billion) in this past fiscal year ended Sept. 30.