Siemens Energy shares head for 2nd best day ever on hopes for guarantee deal

Shares in Siemens Energy were on track for their second-highest daily gain ever on hopes that a deal was within reach for around 15 billion euros ($16 billion) worth of project-related guarantees.

The stock price surge caps a recovery week for the maker of gas and wind turbines, shares of which fell to a record low on Oct. 26, when it disclosed talks with the government, banks and top shareholder Siemens over guarantees.