Turbine troubles have sent wind energy stocks tumbling — and a slew of issues remain

Ahead of Siemens Energy's fourth-quarter earnings, analysts at Kepler Cheuvreux suggested in a research note Tuesday that despite having already warned on profits, the company"remains vulnerable to large negative cashflow swings in the next fiscal year."

Siemens Energy is set to report its fiscal fourth-quarter results on Nov. 15. Its shares are currently down more than 35% year-to-date. "Valuation for Siemens Energy is currently factoring in a negative value for the Gamesa division, which we believe may have been over penalized," Morgan Stanley capital goods analyst Ben Uglow said in a research note Monday.

"Survey participants are now citing delays on new projects due to longer lead times for supply of new turbines and significant price increases," Crowther said in the report.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Turbine troubles have sent wind energy stocks tumbling — and a slew of issues remainAs the biggest players in wind energy gear up to report quarterly earnings, supply chain issues and reliability concerns are front and center.
Source: NBCLA - 🏆 319. / 59 Read more »

Turbine troubles have sent wind energy stocks tumbling — and a slew of issues remainAs the biggest players in wind energy gear up to report quarterly earnings, supply chain issues and reliability concerns are front and center.
Source: CNBC - 🏆 12. / 72 Read more »