|Bid||114.98 x 44200|
|Ask||115.06 x 100000|
|Day's Range||113.52 - 117.32|
|52 Week Range||105.92 - 157.96|
|Beta (5Y Monthly)||1.11|
|PE Ratio (TTM)||15.17|
|Earnings Date||Feb 01, 2022 - Feb 07, 2022|
|Forward Dividend & Yield||4.00 (3.51%)|
|Ex-Dividend Date||Feb 11, 2022|
|1y Target Est||169.00|
ABB and Siemens are leading a €100mn fundraising round by Morrow Batteries, a start-up that aims to start producing in its home country of Norway by the end of next year. Boosting investment in battery production has become an urgent strategic goal for Europe as it races to address the energy crisis and the shortage created by declining Russian gas supplies. The region’s biggest battery makers include Sweden’s Northvolt, which raised $2.75bn last year and started production in December, and Norway’s Freyr, which went public last year through a merger with a listed company.
(Bloomberg) -- Siemens Energy AG will offer 4.04 billion euros ($4.27 billion) to buy the shares in Siemens Gamesa Renewable Energy SA it doesn’t already own, a long-awaited step in its efforts to turn around the troubled Spanish wind-turbine maker.Most Read from BloombergWalmart’s Troubles Should Have Everyone on High AlertBroadcom in Talks to Acquire Cloud Company VMwareStocks Rise on Biden Tariff Comments; Dollar Drops: Markets WrapA $5 Trillion ‘Wealth Shock’ Is Cracking Americans’ Nest Eggs
Siemens Energy is considering buying all the shares it does not already own in Spanish-listed wind group Siemens Gamesa, in an attempt to gain full control over the beleaguered renewables company. The German group, which already owns 67 per cent of the turbine maker, said on Wednesday it was considering an offer for “all outstanding shares in Siemens Gamesa Renewable Energy SA with the intention to delist”. Shares in Siemens Gamesa surged more than 11 per cent on the announcement, while Siemens Energy shares rose more that 2 per cent.