Siemens Gamesa Renewable Energy S.a Stock News

Polands pursuit of offshore wind took a step forward with the announcement that Siemens Gamesa will supply turbines for two new installations in the Baltic Sea. The MFW Baltyk II and MFW Baltyk III projects, being developed by Equinor and Polenergia, will use SG 14-236 DD offshore wind turbines, as part of two Preferred Supplier [] The post Siemens Gamesa Will Supply Turbines for Polish Offshore Wind Farms appeared first on POWER Magazine .

FRANKFURT (Reuters) Siemens Energy should buy the rest of wind turbine maker Siemens Gamesa to accelerate a turnaround at the Spanish-listed firm, Deka, the second top-10 shareholder in as many weeks to call for the takeover, said on Monday.

Measures have already been introduced in the onshore wind business, he said, adding that it would take some time before they would have an impact on the project business.

BERLIN (Reuters) – Siemens Energy CEO Christian Bruch has increased pressure on its struggling wind turbine unit Siemens Gamesa.

FRANKFURT (Reuters) Siemens Energy should buy the rest of struggling wind turbine division Siemens Gamesa, Union Investment said on Monday, the first such demand by a major investor since a recent profit warning and leadership change.

Both GE and Siemens lost out on revenue from wind power last year, so whats happening in the world of wind and can we expect better results this year? With Germany and other developed renewable energy regions experiencing low wind speeds in 2021, it has left many to wonder whether wind is the reliable form of power its so often been portrayed to be. Siemens Gamesas renewable energy business saw its market cap almost halve over the last year as supply chain disruptions and low wind levels negatively affected operations.

Siemens Gamesa Renewable Energy (SGRE) plans to lay off 200 workers at two U.S. wind power equipment manufacturing facilities. The company on Feb. 9 said the job cuts are due to a reduction in orders for commercial wind turbines. An SGRE spokesperson said more jobs cuts at the plants—one in Hutchinson, Kansas, and the other […] The post Siemens’ Renewable Arm Cutting 200 U.S. Jobs appeared first on POWER Magazine .

FRANKFURT (Reuters) – Siemens Energy Chief Executive Christian Bruch declined to comment when asked if the company was planning to buy out minority shareholders of Spain-based wind turbine maker Siemens Gamesa, in which Siemens Energy owns 67%.

Siemens Energy released most of its quarterly results last month when it was forced to cut its guidance shortly after Siemens Gamesa unveiled fresh supply chain issues and higher-than-expected ramp up costs for a new turbine generation.

FRANKFURT (Reuters) Siemens Energy on Wednesday reported a 240 million euro ($274 million) first-quarter net loss, burdened mainly by struggling wind turbine unit Siemens Gamesa, which has become a drag on its parent following three profit warnings.

Siemens Gamesa Renewable Energy, S.A. press release (GCTAF): Q1 GAAP EPS of -€0.59.Revenue of €1.83B (-20.4% Y/Y).

Siemens Gamesa has cut its guidance for the coming year after a turbulent period that has seen its market capitalization nearly halve.

Siemens Gamesa Renewable Energy S.A. (GCTAF) CEO Andreas Nauen on Q1 2022 Earnings Call Transcript