Siemens Energy AG is experiencing a surge in gas turbine demand fueled by data centers and European electrification.
Customers are now paying non-refundable down payments to reserve production slots, a first for this market segment.
Artificial intelligence infrastructure currently accounts for approximately 25% of the company's total turbine demand.
Siemens Energy shares rose as much as 5.1% during Friday trading sessions.
The company maintains a conversion rate of over 90% from production reservations to firm contracts.
Management is intentionally holding back capacity for traditional utility customers to ensure a balanced business model.