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Siemens Gamesa Renewable Energy S.a Stock News

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At Close: Jul 19, 2023
Shares in Siemens Gamesa Renewable Energy tumbled more than 14% on Thursday after the wind turbine maker issued a profit warning due to a sharp increase in raw material prices.
FRANKFURT (Reuters) -Siemens Energy on Wednesday scrapped its margin target after wind power division Siemens Gamesa was hit by higher-than-expected raw material and product ramp-up costs.
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The project will be located on the island of Hokkaido, the firm said.
Hydrogen can be produced in a number of ways, including using renewable energy.
The medium-term outlook for renewable energy needs to be properly assessed before investors buy into the sector.

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Siemens Gamesa's revenues are up 6.6% year-on-year.
Siemens Gamesa Renewable Energy's (GCTAF) CEO Andreas Nauen on Q2 2021 Results - Earnings Call Transcript

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