Article

Siemens AG, with a market value of €320 billion, faces diverging investor sentiment as its software segment struggles while Siemens Energy AG thrives on gas turbine demand. The split in 2020 has led to Siemens Energy's stock rising 2,300% since 2023 lows, while Siemens AG's shares have declined 13%.

Siemens has invested €28 billion in software since 2007 but faces scrutiny over acquisitions. Siemens Energy boasts a €146 billion order backlog, primarily from maintenance work, as it navigates portfolio challenges.