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Copyright BusinessAMBE Siemens Energy tumbled nearly 40 percent Friday after an earnings warning. The company on Thursday night scrapped its profit expectations for this year because of problems with its wind turbines. Things are going badly for the ...
Shares in Siemens Energy plummeted Friday after the company warned that technical problems at its wind turbine unit were worse than previously thought.
FRANKFURT, June 23 (Reuters) - A record sell-off in Siemens Energy shares has laid bare a major loss of confidence by investors in the group's ability to fix its struggling wind turbine division, leaving them fearful of what ...
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Siemens Energy saw 5.8 billion euros ($6.3 billion) wiped off its market capitalisation on Friday after warning that the impact of quality problems at its Siemens Gamesa wind turbine business would be felt for years.
(Alliance News) - Stock prices in London were lower heading into Friday afternoon, as a poor week for equities continued, with investors fretting over the prospect of central banks keeping interest rates higher for longer. Among those leading the decli...