Siemens Energy rebuffs wind spin-off call as Siemens targets 200,000 U.S. electricians by 2030
Siemens Energy has rejected pressure from activist investor Ananym Capital to spin off its loss-making wind turbine business Siemens Gamesa, the Financial Times reported, sticking with a plan to restore the unit’s profitability. The newspaper said Siemens Energy is targeting a 3% to 5% operating margin — profit from core operations as a share of sales — for Gamesa by 2028. Financial Times The standoff lands as demand for gas turbines and power-grid equipment keeps climbing, pushing Siemens Energy and its rivals deeper into multi-year investment cycles. Siemens Energy said in November it plans to return up to 10 billion euros to shareholders by the end of 2028, a move it tied to what it called booming demand for power infrastructure. Reuters