Siemens Energy lifts targets as battery costs rise - Nov 14, 2025

Prysmian Daily News Update · Nov 14, 2025 · 2m

As of November 14, today’s news sees upgraded financial ambitions from Siemens Energy and rising pricing pressure across the battery materials supply chain. Siemens Energy substantially raised its mid-term financial targets on strong demand for gas turbines and data center equipment as well as restructuring progress at its Gamesa wind turbine unit. The manufacturer sees returns before special items as high as 16% by fiscal 2028, up from a previous target of as much as 12%. The company, which long struggled to overcome issues with malfunctioning onshore wind turbines, also hiked its…