Siemens is trading at €273.80 (+3.11%) after announcing a collaboration with FuelCell Energy to deploy scalable fuel cell-based distributed power systems.
- Under the memorandum of understanding, Siemens will design and supply electrical balance of plant systems for the joint projects.
- The agreement focuses on large-scale deployments exceeding 100 MW, which has emerged as a primary catalyst for the stock's upward momentum.