Shares were up 20% at 46.87 euros in early morning trade in Frankfurt. They have nearly quadrupled this year, making Siemens Energy the top gainer among German blue chips. The Munich-based company late Tuesday upgraded its 2028 financial targets,

Siemens Energy unit Siemens Gamesa has been awarded a wind turbine contract worth more than 1 billion pounds ($1.29 billion) from Spanish utility Iberdrola's ScottishPower unit. The German energy company said late Monday that Siemens Gamesa will supply 64 of its flagship SG 14-236 DD offshore wind turbines for ScottishPower's third offshore wind project in the southern North Sea.

Siemens Gamesa Renewable Energy, S.A., the wind business unit of Siemens Energy AG (SMEGF.PK, SMNEY.PK), announced Tuesday offshore