Siemens Energy shares are experiencing significant gains, poised for their best performance ever, following the company's announcement of a raised mid-term outlook and a record order backlog. CEO Christian Bruch highlighted robust demand for electricity and renewable energy sources. Siemens is forecasting solid revenue growth for the upcoming year, driven by strong demand for electrification infrastructure products, which is helping to offset ongoing weaknesses in the factory automation market. Additionally, Siemens reported higher-than-expected profit increases for the fourth quarter, although the company also acknowledged challenging times ahead. In related news, German utility EON has increased its investments by 20% in the first nine months of the year to support the energy transition. Siemens' revenue contribution from India is noted to be 4% for fiscal year 2024.