|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||162.21 - 164.30|
|52-week range||117.25 - 177.58|
|Beta (5Y monthly)||1.11|
|PE ratio (TTM)||16.87|
|Forward dividend & yield||4.22 (2.58%)|
|Ex-dividend date||04 Feb 2021|
|1y target est||N/A|
The CEO of industrial giant Siemens threw cold water on the prospects for the hydrogen economy this week.
The company, a joint venture between Germany's Siemens AG and U.S.-based AES Corp, says it is looking to offer 31 million shares priced between $21 and $24 apiece. At the top end of that range, the IPO would fetch $744 million in proceeds. Arlington, Virginia-based Fluence serves major utilities, developers, as well as commercial and industrial businesses, promising increased efficiency through its digital platform designed for renewables.
BERLIN (Reuters) -Siemens is preparing a separation of its large drive applications (LDA) business, the German engineering and technology company said on Monday, confirming media reports. The separation of the unit, which produces heavy-duty electrical drive systems for ships, mines and rolling mills, is the first step to a divestiture, Handelsblatt reported on Monday. More than 7000 Siemens employees around the world including around 2200 in Germany will be affected by the move, Handelsblatt reported, citing sources at the company.