Siemens Energy Boosts Midterm Targets on Infrastructure Boom.

Siemens Energy AG has increased its mid-term targets due to strong demand for its grid technologies, offsetting losses in its wind-turbine division. The company expects revenue to grow at a high single-digit to low double-digit percentage, with a profit margin of 10% to 12% by fiscal 2028. Despite challenges in its wind-turbine unit, Siemens Energy is undergoing restructuring and anticipates break-even for Gamesa in fiscal 2026. The company's share price has significantly increased this year, driven by growth in its gas-turbine and electric-grid units, as well as surging orders for circuit breakers, transformers, and battery storage systems. [Extracted from the article]