Siemens Energy Bets on Itself With Aggressive Buyback as AI Data Centers Propel a Quarter of Gas Orders
Published on 06/15/2026 at 19:06 | Redaktion boerse-global.de
Management has been snapping up shares at a rapid clip, with nearly a million equity pieces repurchased in less than two weeks. The buying spree, which began on June 4 and ran through June 14, saw Siemens Energy purchase 933,570 of its own shares from the open market. On June 8 alone, the company acquired 126,580 shares at an average price of €158.00, and three days later it scooped up 156,100 at €144.07. The flurry signals that the board considers the current valuation attractive, even as the stock still sits roughly 20% below the all-time high of €195.54 touched in April.
The confidence comes against a backdrop of explosive demand for the energy infrastructure that powers artificial intelligence. Over a quarter of Siemens Energy’s entire order backlog in gas services now comes from data-center projects, chief executive Christian Bruch revealed. In the grid-technology division, that share is still below 10% but carries significant upside. The driver is clear: Alphabet, Meta, Amazon and Microsoft collectively plan to spend around $800 billion on infrastructure by 2026, with each hyperscale data center consuming up to a gigawatt of electricity. McKinsey estimates global outlays could reach $7 trillion by 2030.
Yet Bruch struck a cautionary note about Germany’s ability to capture that wave. The country currently has about 3 gigawatts of data-center capacity, of which only 500 megawatts are geared toward AI. A planned expansion to 6 GW already looks inadequate, he argues. The CEO pointed to the halted Edgeconnex project in Maintal, near Frankfurt, which collapsed over disputes around a planned gas-fired power plant. The fallout: Softbank redirected a $50 billion investment to France instead. Bruch called for binding national targets to keep the training of industrial AI models on German soil.
Should investors sell immediately? Or is it worth buying Siemens Energy?
The bottleneck isn’t purely national. EU energy commissioner Dan Jörgensen wants to more than double the bloc’s data-center capacity to 28 GW by the early 2030s, from 12 GW today. The sector already consumes 2.5% of Europe’s electricity, a share that could double within five years. Ireland offers a glimpse of the future: data centers now account for over 20% of the country’s power usage, and in the Dublin region that figure is roughly 50%. Globally, the International Energy Agency expects data-center electricity consumption to hit 950 terawatt-hours by 2030, twice the current level.
On the market, the stock received an extra tailwind from geopolitics. A tentative framework agreement between the United States and Iran, which envisions a ceasefire and the reopening of the Strait of Hormuz, pushed oil prices lower and lifted sentiment across European bourses. The DAX briefly topped 25,000 points in morning trading. Siemens Energy shares climbed 1.69% to €156.06 on Monday, while the 200-day moving average of €136.96 provides a comfortable cushion some 14% below the current price.
Year to date, the stock has gained 27%, but it remains a fifth below the April peak. Analysts see room to run, with a consensus price target of €186.30. Investors will get a closer look at the data-center contribution when second-quarter results land on August 5, 2026.
Ad
Siemens Energy Stock: New Analysis - 15 June
Fresh Siemens Energy information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
Disclaimer regarding our articles: No investment advice, no buy or sell recommendation. Information on prices, companies, and markets is provided without guarantee; changes are possible at any time. Stock market transactions can lead to substantial losses. Our articles are created and reviewed in whole or in part automatically with the support of AI.
