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An announcement from Siemens Energy ( (DE:ENR) ) is now available.
Siemens Energy AG has announced a significant share buyback program, planning to repurchase up to €6 billion of its own shares by the end of fiscal year 2028. This strategic move is expected to strengthen the company’s financial position and potentially enhance shareholder value, signaling confidence in its long-term growth prospects.
The most recent analyst rating on (DE:ENR) stock is a Hold with a EUR77.00 price target. To see the full list of analyst forecasts on Siemens Energy stock, see the DE:ENR Stock Forecast page.
More about Siemens Energy
Siemens Energy AG operates in the energy sector, focusing on providing solutions for power generation, transmission, and renewable energy. The company is known for its comprehensive range of products and services aimed at enhancing energy efficiency and sustainability, catering to a global market.
Average Trading Volume: 2,242,360
Technical Sentiment Signal: Buy
Current Market Cap: €92.82B
See more insights into ENR stock on TipRanks’ Stock Analysis page.