Siemens Energy Plans €6 Billion Buyback After Share Rally

Siemens Energy AG announced its biggest share buyback since the turbine maker went public five years ago amid optimism around surging data-center investments.

The German manufacturer plans to purchase as much as €6 billion ($6.9 billion) of its own stock by the end of the 2028 fiscal year that runs through September, it said Thursday ahead of an investor meeting.