As noted July 29, GE Vernova's Teutonic Doppelgänger.
From Bloomberg, August 5:
Siemens Energy AG expects to reach the upper end of its full-year guidance on the back of surging orders for its gas turbines and grid equipment amid a boom in global electricity demand.
Net income for its fiscal third quarter came in higher than anticipated at €697 million ($807 million), the German industrial firm said Wednesday. The company reported strong orders in the US, helping it shrug off a €100 million direct hit from tariffs imposed by President Donald Trump.
Siemens Energy is among the companies benefiting from a flood of investment in power-hungry data centers, which is driving orders for circuit breakers and transformers. Meanwhile, growing global energy demand is boosting sales of its gas turbines. The shares have nearly doubled this year....
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