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

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.

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