SIEMENS ENERGY AG

Siemens Energy's share extended losses on Tuesday that have been ongoing since mid‑August and fell intraday to the lowest level since mid‑August, but closed only moderately lower. The trigger was a report that Elon Musk could move into the manufacture of certain gas‑turbine components for data centers with SpaceX. JPMorgan analyst Phil Buller regards this as not a new development and more a sign of rising turbine demand; direct competitive risks currently affect only around 10 percent of the group’s revenue. » Altro su de.investing.com

Siemens Energy has launched the separation of the Transformation of Industry division, which will operate under the Omterra brand going forward, while the group intends to retain a significant minority stake. The company reported a record quarter with strong order intake (€17.9bn), revenue growth and a confirmed, raised full-year outlook. The realignment is intended to allow greater concentration on higher-margin gas turbines and grid technologies and is accompanied by mostly buy recommendations from analysts. » Altro su finanzen.net

Siemens Energy intends to legally separate its smallest unit, Transformation of Industry, and sell it as a whole to investors; initial sale talks are expected to begin soon. The unit generates €5.7 billion in revenue with an 11.3% margin and is valued by Bloomberg at around $10 billion; financial investors such as CVC, EQT, Bain, Brookfield and KKR are assessing bids. The aim is to let Siemens Energy focus on electrification while giving TI more capital and growth headroom; a full carve-out could take up to two years and Siemens Energy is aiming to retain a minority stake. The loss-making hydrogen electrolyser business, which requires patient owners, is the main challenge for buyers. » Altro su wiwo.de