First Busey Corp (BUSE)
$16.93 0.04 (0.24%)
16:29 EDT BUSE Stock Quote Delayed 30 Minutes
Previous Close $16.93
Market Cap 824.89M
PE Ratio 11.21
Volume (Avg. Vol.) 512,600
Day's Range 16.79 - 17.19
52-Week Range 11.00 - 28.00
Dividend & Yield 0.80 (4.73%)
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The financial sector has been making a spectacular comeback, and these seven bank stocks are just getting started.
Financial stocks finished up 0.4% on Wall Street on Friday.
Financial stocks remained flat on Thursday morning on Wall Street.
Siemens Energy (OTCPK:SIEGY +0.5%) raises its annual cost savings target to more than €300M ($359M) by 2023 in an effort to raise profit margins, ahead of its spinoff from parent Siemens.The target would increase Siemens Energy's planned savings compared with 2018 levels to more than €1.3B from the previously envisaged €1B, which it says will be reached by sharpening and streamlining its portfolio.Siemens Energy, which is due to debut on the stock market this month, says it aims to achieve adjusted EBITDA margin before special items of 6.5%-8.5% for FY 2023, and sees sales declining 2%-5% this year from €28.8B in 2019 before rebounding by 2%-12% in 2021.Separately, Siemens says its Wind Energy Generation portfolio company has been incorporated into the company's Flender German subsidiary, ahead of its plan to publicly list Flender in 2021.Siemens Energy will shut down production sites as part of the planned cost cuts, according to a recent report.
Siemens (OTCPK:SIEGY) says it received an order worth more than €330M (~$393M) to provide gas turbine technology to the planned 900 MW Cascade Power Plant in Alberta.The company says its energy business will provide two SGT6-8000H gas turbines, other equipment and long-term services to the plant, which is designed to produce low emissions and highly efficient electricity that is expected to supply more than 8% of the province's average electricity demand.The plant, which is expected to start operation in 2023, is part of the plan to decarbonize the power supply in Alberta, which contributes more than half of Canada's total greenhouse gas emissions.Siemens recently announced plans to provide a green megawatt hydrogen production system for a hydrogen fueling station in Beijing, the company's first project of its kind in China.
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