First 1,000%, now dividends! Siemens Energy, Nordex, and First Hydrogen shares

Goldman Sachs: Electricity demand from data centers +160% by 2030

The race and dominance in artificial intelligence is increasingly turning into a competition for energy. Modern AI models consume enormous amounts of energy, both during training and operation. Data centers equipped with high-performance processors not only require enormous amounts of electricity, but also cooling, which further drives up energy consumption. Goldman Sachs expects the electricity demand of data centers to increase by 160% by 2030, fundamentally changing global energy consumption.

Tech companies are already securing long-term electricity supplies and investing in their own solar and wind farms. Nuclear energy is also gaining new strategic importance in the wake of AI expansion, particularly in the US. Old nuclear reactors are being reactivated, and new technologies such as nuclear fusion and small modular reactors (SMRs) are being developed at a rapid pace. In effect, the global AI race is increasingly being decided in the power plants that keep these systems running.

First Hydrogen: Entry opportunity after setback

First Hydrogen also wants to participate in the gold rush in the energy sector. Following the announcement in early summer that it plans to produce hydrogen using mini nuclear reactors in the future, the share price more than doubled. The current setback offers an opportunity to get in on the ground floor, as the topic continues to gain momentum.

It was recently reported that the collaboration with the University of Alberta, which has been ongoing since June, has been expanded to include the design of small modular nuclear reactors (SMRs). The additional focus is on fuel reactor materials, reactor design, and reactor system optimization, with a particular focus on meeting the rising energy demands of AI data centers. Canada is globally recognized for its exceptional expertise in nuclear energy. CANDU (Canadian Deuterium-Uranium) reactors are among the safest and most reliable nuclear power plants in the world. Under the leadership of Prime Minister Carney, SMR technology is expected to play a key role in securing Canada's energy independence and developing the country into a leading energy superpower.

First Hydrogen sees SMRs as an opportunity to produce low-cost green hydrogen to meet the growing global demand for clean energy solutions. Sites in Canada and Europe are already being evaluated.

Siemens Energy: First 1,000%, now dividends

Siemens Energy shares were trading below EUR 8 in October 2023. Insolvency due to the wind power business slump was averted, thanks in part to government guarantees. Since then, the Company and its shares have celebrated a rare comeback. Siemens Energy shares are now listed on the DAX and are approaching the EUR 100 mark.

The energy infrastructure business is the primary driver of operational growth. Revenue rose by 13.5% to EUR 9.7 billion in the third quarter of fiscal year 2024/25. The Company generated a profit after taxes of EUR 697 million. In the same period last year, a loss of EUR 102 million was incurred. Earnings per share were EUR 0.71 (Q3 FY 2023/24: EUR -0.16).

And the positive trend appears to be continuing. During the reporting period, new orders totaling EUR 16.6 billion were recorded, a new quarterly record. Shareholders are also expected to participate in the anticipated annual profit in the form of a dividend. Siemens Energy CEO Christian Bruch commented: "Our businesses have once again delivered a strong quarter, continuing the good performance of the current fiscal year to date. The forecast raised in the second quarter will be met – we are currently at the upper end of the target range. Following the early repayment of the federal guarantees, the dividend ban has now also been lifted. This puts us in a position to pay our shareholders a dividend earlier than expected."

After the Bundestag's Budget Committee lifted the dividend restriction introduced as part of the 2023 rescue package, Siemens Energy intends to distribute 40% to 60% of its after-tax profit in the future.

Nordex: Surprising high flyer of the year

Nordex is certainly a surprising high flyer in the energy sector this year. Its share price has almost doubled in 2025.

Operationally, the Company is focusing on improving its earnings position. With success: While revenue remained unchanged at around EUR 1.9 billion in the second quarter of 2025, profit increased significantly. Nordex increased EBITDA by around 64% to EUR 108.2 million in the second quarter, improving the EBITDA margin from 3.5% to 5.8%. Consolidated net income rose from EUR 0.5 million to EUR 31 million.

A new order was then announced last week. Nordex will build nine wind turbines for TEUT Energieprojekte GmbH for the "Mürow-Neukünkendorf" wind farm. The total output is 51.7 megawatts. The order also includes two premium service agreements with a term of 20 years.

However, analysts currently consider the price increases to be exhausted. The price targets do not exceed EUR 25. Nordex shares are currently trading at just under EUR 23.

The energy sector is likely to remain one of the high flyers on the stock market for the foreseeable future. The energy demands of data centers is simply enormous. However, stocks like Siemens Energy and Nordex have already performed well and are no longer bargains. First Hydrogen is still in its infancy but is inexpensive, and the potential for SMRs is enormous.