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Siemens Energy Accelerates 6B Euro Buyback on Strong AI Data Center Demand Through 2030

GateNews

2026-05-12 08:41:45

According to Bloomberg, Siemens Energy said on May 12 that strong demand from AI data centers and wider electrification has filled major parts of its order book through 2030. The company booked 179 turbine orders in the first half of its fiscal year and said the demand has prompted it to accelerate its 6 billion euro share buyback plan. The company may repurchase up to an additional 1 billion euros this fiscal year without raising the 6 billion euro cap set for fiscal 2028.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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