Siemens (NYSE:SI) New R&D Energy

Siemens (NYSE:SI) has decided to establish a research and development facility for energy related topics. Siemens (NYSE:SI) New R&D Energy The global technology leader Siemens (NYSE:SI) is planning to build a research and development facility at King Fahd University of petroleum and minerals in Dhahran, Saudi Arabia, for the support of energy related topics. This facility of 7,623 square meters will provide investment in energy efficient concepts for oil and gas, fuel flexibility concepts and green technologies. Siemens (NYSE:SI) will conduct the research with other Saudi companies and universities. Wolfgang Deahan, Siemens (NYSE:SI) energy sector CEO, said, "We place great importance in growing the skills of its people, through training, support and vocational opportunities, and will strive to add extra value to the world-class programs already being implemented by the university". Siemens (NYSE:SI) shares were at 133.2 at the end of the last day’s trading. There’s been a 12.9% change in the stock price over the past 3 months. Siemens (NYSE:SI) Analyst Advice Consensus Opinion: Moderate Buy Mean recommendation: 2 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 2 Zack’s Rank: 6 out of 26 in the industry
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